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Friday’s Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are lower ahead of Friday’s open as the market finally takes a breather and pulls back from record highs.

Gary’s Thoughts: Futures down…no issue here f the market sits, pulls back and relaxes. It is due.

Economic Calendar:

  • E-Commerce Retail Sales 10:00 AM ET
  • Leading Indicators 10:00 AM ET
  • Baker-Hughes Rig Count 1:00 PM ET
  • Loretta Mester Speaks on Sunday 8:15 PM ET

Highlights:

  • Trump taps Acosta to be labor secretary
    Gary’s Thoughts: Next!
  • Snapchat Parent Sets Valuation of Up to $22.2 Billion
    Gary’s Thoughts: Money losing company…high valuations. But known name.