Here’s what we are watching as markets kick into gear Friday.
—U.S. stock futures climbed, suggesting most major indexes are headed for a second week of gains. S&P 500 futures were up 0.7% and Nasdaq-100 futures gained 0.6%. Economically-sensitive sectors like energy and banks have been some of the week’s best performers. Read our full market wrap here.
—What’s coming up. The U.S. producer price index for October, due at 8:30 a.m. ET, is expected to rise 0.2% from the prior month. The University of Michigan’s preliminary consumer sentiment index for November, due at 10 a.m., is expected to hold fairly steady, reflecting the crosscurrents of an uncertain election, stock market gains, rising employment and more Covid-19 cases.
Market Movers to Watch
jumped more than 20% premarket after the electric-vehicle maker reported a quarter-on-quarter rise in revenue and gross margin.
—Palantir shares rose more than 4%. The data analysis company raised its annual revenue outlook Thursday after it posted better-than expected sales in its first quarterly report since going public in September.
leapt 90% after majority shareholder Sumitovant Biopharma agreed to buy the company’s remaining shares.