March 28 Premarket Briefing: 10 Things You Should Know

Updated from 6:39 a.m. EDT

Here are 10 things you should know for Friday, March 28:    

1.-- U.S. stock futures were rising ahead of consumer spending data and a reading on consumer confidence.

European stocks were higher. Asian shares finished Friday's session mostly in the green. Japan's Nikkei 225 Index rose 0.5%.

2.-- The economic calendar in the U.S. on Friday includes personal income and personal spending for February at 8:30 a.m. EDT, and the final University of Michigan Sentiment Index for March at 9:55 a.m.

3.-- U.S. stocks on Thursday fell after a disappointing GDP result, though initial weekly jobless claims continued to fall. 

The  S&P 500 slipped 0.19% to close at 1,849.04, while the  Dow Jones Industrial Average closed down 0.03% to 16,264.36. The  Nasdaq declined 0.54% to 4,151.23.

4. --  Walmart  ( WMT) sued  Visa  ( V) over fees that it charges the world's largest retailer when customers use a credit or debit card.

Walmart said Visa conspired with banks to illegally fix and inflate fees that retailers pay on card transactions, and that the fees cost U.S. retailers and shoppers more than $350 billion between 2004 and November 2012.

Visa shares fell 1.2% in premarket trading to $213.19.

5. -- Facebook's (FB) effort connect remote parts of the world to the Internet involves drones, lasers and satellites.

CEO Mark Zuckerberg said Thursday that Facebook is hiring "key members of the team" from Ascenta, a U.K. company whose founders created early versions of the world's longest-flying solar powered drone.

Zuckerberg also unveiled Connectivity Lab, whose goal is to bolster Internet.org, the Facebook-led project that aims to connect the more than 70% of the world's 7 billion people who are not yet online.

Zuckerberg said the plan has shown an early return on investment, helping get 3 million new people connected to the Internet in the Philippines and Paraguay alone.

Facebook rose 0.9% to $61.54 in premarket trading on Friday.

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