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) 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), 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) 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.