European markets are called to open higher.
Asian stocks swung between gains and losses as gains among commodity producers overshadowed declines by technology and electronics companies.
Rebound! Stock markets continued their schizophrenic week Thursday as all three indexes surged on positive earnings and labor market news. The Dow Jones industrial average (INDU) jumped 423 points, or 3.9%, to close at 11,143. The S&P 500 (SPX) added 51 points, or 4.6%, and the Nasdaq (COMP) rose 111 points to close 4.7% higher.
Events this week
Friday – The Commerce Department will release its July retail sales report at 8:30 a.m. ET. Economists are looking for retail sales to climb 0.5%, or 0.2% excluding volatile car and truck sales.
Also out on Friday is the University of Michigan’ consumer sentiment reading for August and the Commerce Department’ June business inventory report.
JC Penney (JCP, Fortune 500) will report its quarterly results, with analysts expecting the retail chain to post a profit of 6 cents a share.