MacroMavens president Stephanie Pomboy discusses her outlook for the market throughout 2021, warning that a ‘disappointing’ economic rebound and inflation pressures may have a negative impact.<\/p>\n
U.S. stock futures were pointing to small losses at Friday’s opening bell, putting the major averages on track to slip from record highs.<\/p>\n
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Dow Jones Industrial Average futures were trading lower by 46 points, or 0.15%, while S&P 500 futures and Nasdaq Composite futures were weaker by 0.22% and 0.16%, respectively. All three of the major averages finished in record territory on Thursday. <\/p>\n
BIDEN'S KEYSTONE XL PIPELINE ORDER COSTS HUNDREDS MORE OIL WORKER JOBS<\/strong><\/p>\n In stocks, Dow component Walt Disney Co. reported quarterly earnings and revenue that exceeded Wall Street estimates as its Disney+ streaming service added 21 million subscribers. Disney+ now has 94.9 million subscribers and the company believes it could reach 260 million users by 2024.<\/p>\n Expedia Inc. said full-year revenue fell 57% year over year as the COVID-19 pandemic snarled demand for travel bookings. Both quarterly earnings and profit were below Wall Street estimates.<\/p>\n Meanwhile, Bumble Inc. was in focus a day after soaring 64% in its Nasdaq debut. Shares of the dating-app developer settled at $70.31 apiece on Thursday after pricing at $43 the prior evening.<\/p>\n In deals, optoelectronic component maker II-VI Inc. is planning a nearly $6.5 billion bid for laser manufacturer Coherent Inc., according to a report from The Wall Street Journal. The offer, which would pay a mix of cash and stock equating to $260 per share, greater than offers made by MKS Instruments Inc. and Lumentum Holdings Inc.<\/p>\n Oil majors Chevron Corp. and ExxonMobil Corp. pulled back as West Texas Intermediate crude oil dipped 55 cents to $57.69 per barrel.<\/p>\n Elsewhere in commodities, gold lost $7.80 to $1,819 an ounce while silver ticked up 4 cents to $27.09 per barrel. <\/p>\n