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Here’s what we’re watching ahead of Friday’s trading action.
–U.S. equity futures fell slightly Friday, putting the S&P 500 on track to end the week with muted gains after hitting its ninth closing record for 2021.
S&P 500-related futures slipped 0.3%, indicating a decline after the opening bell. Contracts linked to the Nasdaq-100 index edged down 0.3%, suggesting that tech stocks could slide as well. Read our full market overview.
What is coming
–The University of Michigan Consumer Confidence Index for the first few weeks of February, at 10 a.m. ET, is expected to drop to 80.8 from 79.0 by the end of January.
Markets to watch
– Hello everyone, Baby Yoda. Walt Disney shares rose 0.9% before the bell after the entertainment giant reported first-quarter profit as its flagship streaming service, Disney +, added more than 21 million new subscribers over the course of the period. But the pandemic continued to zap results in the film distribution and theme park segments of the company.
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