Stock futures suggest near-record highs

Stock futures ticked higher on Friday morning as traders shortened the holiday.

The Dow Jones Industrial Average Futures traded up 56 points or 0.19%, while the S&P 500 and Nasdaq futures were up 0.16% and 0.36%, respectively. The early advance has the Tech-Heavy Nasdaq track to open at an all-time high and both the Dow and S&P 500 are fighting for their own record peaks.

Looking at the stock, stores are in focus as Black Friday shopping is in a different tone due to COVID-19 this year. Meanwhile, online retailers are gearing up for Cyber ​​Monday, which takes place over three days.

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CEO Pascal Sorriot told Bloomberg News that while AstraZeneca plc was marginally lower than the opening bell, the company would likely conduct a new trial of its COVID-19 vaccine because some participants received the wrong dose.

Shares of Slack Technologies Inc. were pointing to a more than 4% drop in the open as traders digested a potential deal with Inc. Slack shares rose 38% on Wednesday following news of advanced talks between the two companies.

The US equity market will close at 1 pm ET in observance of Thanksgiving Holiday Weekend. There is no economic data on the calendar.

Looking at commodities, West Texas Intermediate crude fell 38 cents to $ 45.33 a barrel, while gold slipped 50 cents to $ 1,810.70 an ounce.

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European markets were up 0.48% with France’s CAC 40 and Germany’s DX30 gaining 0.29%. Britain’s FTSE 100 fell 0.46% amid uncertainty over Brexit negotiations.

In Asia, China’s Shanghai Composite Index gained 1.15%, while Japan’s Nikkei 225 and Hang Seng Index advanced 0.4% and 0.28%, respectively.

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