U.S. stock futures were nearly unchanged on Friday after almost
half the market suffered a trading halt for the better part of the
After a week of uncertainty about the U.S. Federal Reserve's
plans for when and how to slow down asset purchases, the minutes of
their July meeting offered little clarity.
Future data points that offer indications of the robustness of
economic recovery may have greater impact on the Fed's timeline for
tapering and on stock movements. Today, a report out at 10 a.m. may
show that new-house sales declined in July.
Major movers in pre-market trading included Renren (
), rising 14% after a Baidu Holdings unit agreed to buy a 59% stake
in the company for $160 million in cash. Aeropostale (
) touched a fresh 52-week low, and was down 13% after saying sales
will be weaker-than-expected this year.
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