U.S. stocks were set for a lower open 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 0.54% recently, and U.S. benchmark West Texas Intermediate down 0.51% 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 46% higher pre-bell after the company reported improved financial results for 2016.
U.S. PRE-MARKET INDICATORS
-Dow Jones Industrial down 0.36%
-S&P 500 futures down 0.36%
-Nasdaq 100 futures down 0.23%
-Nasdaq 100 pre-market indicator down 0.17%
Nikkei down 0.58%
Hang Seng down 0.31%
Shanghai Composite down 0.85%
FTSE-100 up 0.14%
DAX-30 down 0.46%
PRE-MARKET SECTOR WATCH
(+/-) Large cap tech: mixed
(+/-) Chip stocks: unchanged
(-) Software stocks: unchanged to lower
(-) Hardware stocks: unchanged to lower
(+/-) Internet stocks: mixed
(-) Oil stocks: unchanged to lower
(+/-) Biotech stocks: mixed
(+/-) Drug stocks: mixed
(-) Financial stocks: unchanged to lower
(-) Retail stocks: unchanged to lower
(-) Industrial stocks: unchanged to lower
(+/-) Airlines: unchanged
(-) Autos: unchanged to lower
(+) RGSE (+20%) Completes offerings, regains Nasdaq listing compliance
(+) LMIA (+49.6%) Agrees to $14/share buyout offer, cuts 2016 guidance
(+) AZN (+1.6%) Meets primary endpoint in phase 3 trial of Lynparza in BRCA-mutated metastatic breast cancer
(-) AAPL (-0.3%) Said to start assembling iPhone SE in India
(-) GIS (-4%) Cuts 2017 outlook
(-) TSLA (-1.9%) Bloomberg says United Auto Workers sends organizers to help employees at Tesla's Fremont, California plant to unionize
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