Markets

US Futures Point South Ahead of Holiday Weekend

U.S. stock futures slipped on Friday as traders took a breather in a light day for economic data, and ahead of a long holiday weekend.

Oil prices eased with global benchmark Brent Crude down 0.58% recently, and U.S. benchmark West Texas Intermediate down 0.45% after official data showed U.S. crude stockpile grew by 9.5 million barrels last week, which overshadowed a potential extension of OPEC's deal to curb production.

At 10:00 a.m., data are expected to show leading economic indicators rising 0.4% in January compared to December's 0.5% gain.

Federal Reserve President Loretta Mester is scheduled to give a speech in Singapore.

In equities, shares of Top Ships ( TOPS ) were 49.3% higher pre-bell after the company reported improved financial results for 2016.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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