U.S. stock index futures pointed to a slightly lower open on Wall Street on Friday as investors took profits on Thursday's gains fueled by mostly positive economic data.
Take a look at some of Friday morning's early movers:
Over dinner last night with several managing directors for a large equity desk, the first topic of conversation was not, “What's going to happen after the NYSE-Deutsche Boerse merger gets turned down?” It was, “What the hell is going on with this lousy volume? My desk is dead.”
Stocks erased most of their earlier gains to finish near the flatline in thin trading Friday, as investors booked profits ahead of the weekend following a robust rally all week. Still, all three major averages posted an impressive gain of over 7 percent for the week.
What follows is a look at stocks in the S&P 1,500 displaying unusual volume in Wednesday's trading session.
U.S. futures were little changed after nonfarm payrolls were about in line with expectations at 123,000, but the headline unemployment rate of 8.6 percent, well below expectations of 9 percent, and October nonfarm payrolls were revised upward.
Futures held their sharp gains Friday following news employment growth picked up momentum in November while the jobless rate fell to its lowest level in more than two years.
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Stocks closed near session lows Thursday, reversing three days of gains, as investors remained cautious ahead of Bernanke's Jackson Hole speech on Friday.
Calm European banks = Calm U.S. open. For three weeks, there has been a simple, unfailing indicator for pre-open trading in the U.S.: European banks immediately after the European open. Today, those banks are for the most part fractionally to the upside, as is our market.
Futures turned positive Thursday, as Berkshire Hathaway said it will invest $5 billion in Bank of America. Futures had been under pressure all morning after weekly jobless claims gained more than expected and following news that Apple CEO Steve Jobs announced his resignment.
CNBC.com ran a screen of the S&P 500 looking for stocks with dividend yields greater than 2.5 percent, positive EPS and Revenue figures in the last two consecutive quarters, and are trading the farthest below their 50-day moving averages.
Merger arbitrage investors are braced for a second consecutive month of losses with a string of unexpected upsets leading to a difficult period for the hedge fund strategy, the FT reports.
The Dow and S&P 500 have closed in negative territory for six consecutive weeks, posting a loss of about 5.7 percent, while the S&P has dropped 5.5 percent. Could investors benefit from the recent pullback in the market?
Technical analysis works well in certain situations, Cramer said. This is how you use it to your advantage.
The second estimate for Q1 GDP remained at 1.8 percent growth—that is a disappointment. Almost everyone was expecting the revision to be at least north of 2 percent. Initial jobless claims, at 424,000, was above expectations, another disappointment.
Following are the day's biggest winners and losers. Find out why shares of Molycorp and United Continental popped while Big Lots dropped.
The Fast Money traders take a look at today's biggest market movers, including Starbucks, Big Lots and Baidu.com.
Initial jobless claims were below expectations for the first time in weeks, but it has had little effect on stock futures.
Here's why you should keep a close eye on these six stocks.