Here’s what we’re watching before Friday’s trading action gets underway.
—U.S. stock futures were mixed, with tech stocks poised for losses and the Dow Jones Industrial Average on track for a fresh record.
Nasdaq-100 futures dropped 1.6%. Futures tied to the S&P 500 fell 0.4% and contracts linked to the Dow Jones Industrial Average ticked up 0.2%.
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What’s Coming Up
—The University of Michigan’s preliminary consumer sentiment index for March, due at 10 a.m., is expected to rise to 78.9 from 76.8 at the end of February.
Market Movers to Watch
— Novavax shares shot 17% higher ahead of the bell after the biotech drug maker said after Thursday’s close that studies show its Covid-19 vaccine is highly effective.
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