Stock futures ticked higher Friday morning as traders prepped for a holiday-shortened session.
Dow Jones Industrial Average futures were trading up 56 points, or 0.19%, while S&P 500 and Nasdaq futures were up 0.16% and 0.36%, respectively. The early advance has the tech-heavy Nasdaq on track to open at an all-time high and both the Dow and S&P 500 fighting for their own record peaks.
Looking at stocks, stores are in focus as Black Friday shopping takes on a different tone this year because of COVID-19. Online retailers, meanwhile, are gearing up for Cyber Monday, which takes place in three days.
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AstraZeneca plc was moderately lower ahead of the opening bell after CEO Pascal Soriot told Bloomberg News that the company will likely conduct a new trial of its COVID-19 vaccine as some participants received incorrect dosages.
Slack Technologies Inc. shares were pointing to a drop of more than 4% at the open as traders digest a possible deal with Salesforce.com Inc. Slack shares soared 38% after news of advanced talks between the two companies broke on Wednesday.
U.S. equity markets will close at 1 p.m. ET in observance of the Thanksgiving holiday weekend. There is no economic data on the calendar.
Looking at commodities, West Texas Intermediate crude oil fell 38 cents to $45.33 per barrel while gold slipped 50 cents to $1,810.70 an ounce.
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European markets traded mixed with France’s CAC 40 up 0.48% and Germany’s DAX 30 higher by 0.29%. Britain’s FTSE 100 fell 0.46% amid uncertainty over Brexit talks.
In Asia, China’s Shanghai Composite index paced the advance, up 1.15%, while Japan’s Nikkei 225 and Hang Seng index advanced 0.4% and 0.28%, respectively.