Markets

US Stock Futures Point Down as Oil Weighs on Sentiment

U.S. stock futures were in the red Friday, taking their cue from weaker world markets and oil prices that were set to record a third week of steady declines.

West Texas Intermediate crude oil for delivery in January was off 0.8% at $34.67 recently while Brent Crude was down 0.5% at $36.86.

At 9:45 a.m E.T. the PMI Services flash is expected to be at 56.1 for December, down from 56.5 in November and in the consensus range between 55.8 and 56.4, according to data compiled by Econoday.

In equities, BlackBerry ( BBRY ) shares jumped over 5% in recent pre-market trade after the company reported a smaller than expected fiscal Q3 loss and revenue that far exceeded expectations.

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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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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