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.
Best Buy ( BBY)is planning to match the prices of Internet competitors such as Amazon.com this holiday season, The Wall Street Journal reported, citing a person familiar with the matter. Best Buy also is preparing to offer free home delivery on merchandise that is out of stock in stores, the newspaper reported.
The European Union won the Nobel Peace Prize on Friday for its efforts to promote peace and democracy in Europe, despite the region's debt crisis.
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