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Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- U.S. stock futures were pointing to slight gains on Wall Street Friday as overseas stocks traded mixed despite a sharp drop in U.S. jobless claims.

European stocks were trading lower while Asian stocks ended Friday's trading session mixed. Japan's Nikkei 225 index closed nearly 0.2% lower at 8,534.12.


The economic calendar in the U.S. Friday includes the producer price index for September at 8:30 a.m. EDT, the preliminary University of Michigan consumer sentiment survey for October at 9:55 a.m. , and the Treasury Department's budget for September at 2 p.m.


U.S. stocks on Thursday finished mixed with the technology sector weighed down by a 2% slide in shares of Apple (AAPL).

The Dow Jones Industrial Average lost 19 points, or 0.14%, to close at 13,326. The S&P 500 rose less than a point, 0.02%, to close at 1433. The Nasdaq fell more than 2 points, or 0.08%, to settle at 3049.


Vice President Joe Biden and Republican Paul Ryan clashed Thursday night in a debate that tackled topics such as the economy, taxes and Medicare, among other things.

The early take is that Biden eked out a victory, perhaps slowing the momentum Republicans gained from last week's presidential debate where Mitt Romney, the GOP presidential nominee, was viewed as the clear winner over President Obama.


JPMorgan Chase (JPM - Get Report) is expected by analysts Friday to report a third-quarter profit of $1.24 a share in the September-ended period on revenue of $24.53 billion.

Wells Fargo (WFC - Get Report), facing a lawsuit for its mortgage practices related to the financial crisis, is seen by analysts Friday posting quarterly earnings of 87 cents a share on revenue of $21.47 billion.


Advanced Micro Devices (AMD - Get Report) forecast Thursday third-quarter revenue of $1.27 billion, a 10% sequential decline. Previously, AMD had predicted a sequential decrease of 1%, plus or minus 3%.

Analysts were looking for sales of $1.38 billion.


Shares of Sprint (S) rose 14.3% to $5.76 on Thursday after the telecommunications company confirmed it was in talks for a possible "substantial" investment. from Japanese firm Softbank.

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SYM TRADE IT LAST %CHG
AMD $2.34 1.10%
BBY $35.63 1.30%
JPM $64.41 1.30%
S $5.24 0.48%
WFC $55.60 0.74%

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DOW 18,100.28 +76.22 0.42%
S&P 500 2,116.96 +8.67 0.41%
NASDAQ 5,030.0810 +24.69 0.49%

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