After a Thursday rally that saw the Dow post its biggest one-day gain since February 15, futures are pointing to a lower Wall Street open.
U.S. stock futures were lower this morning, putting the Dow's gain for the week in jeopardy. However, the S&P 500 and Nasdaq remain on pace for positive weeks, with the Nasdaq likely to post its 12th positive week in the past 13. div > div.group > p:first-child"> Nike shares were 4 percent lower in premarket after it reported quarterly earnings of 68 cents per share for its fiscal third quarter, three cents above estimates, with revenue in line with forecasts.
President Donald Trump is expected to meet with leaders of five Caribbean nations today from his Florida resort, Mar-a-Lago. He's expected to thank the leaders for their support for peace and democracy in Venezuela. Layoffs are beginning at Fox following the entertainment company's sale to Disney . The ax fell at the film division, wiping away much of the senior leadership at Fox's marketing, distribution and consumer products arms.
Murphy Oil sold its Malaysian oil and gas assets to Thai energy producer PTTEP for $2.13 billion. Murphy Oil said the proceeds would be used to pay down debt, buy back shares, and to make possible acquisitions.
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