Updated from 6:41 a.m. EDT
Here are 10 things you should know for Friday, April 11:
1.-- U.S. stock futures were trading flat Friday and global shares were falling following Wall Street's selloff on Thursday, which was led largely by a drop in technology shares.
Japan's Nikkei 225 closed lower by 2.4%. Hong Kong's Hang Seng finished 0.8% lower.
2.-- The economic calendar in the U.S. on Friday includes the Producer Price Index for March at 8:30 a.m. EDT, and the University of Michigan Sentiment Index for April at 9:55 a.m.
3.-- U.S. stocks on Thursday fell sharply as a two-day recovery was stopped short by heavy selling of high-momentum names in the technology and biotech sectors. The losses came even as data showed improvement in labor market conditions.
The Dow Jones Industrial Average closed down 1.62% to 16,170.22 while the S&P 500 ended 2.09% lower at 1,833.08 -- both indices suffered their biggest falls in two months. The Nasdaq was the worst hit, posting its biggest decline since November 2011. The index dropped 3.1% to 4,054.11.
4. -- Health and Human Services Secretary Kathleen Sebelius plans to resign Friday and President Obama will nominate his budget director, Sylvia Mathews Burwell, as her replacement.
Sebelius' resignation comes just a week after registrations closed for the first year of insurance coverage under the Affordable Care Act, or so-called Obamacare.
Sebelius' resignation comes after months of speculation that she would resign over the rocky implementation of the health care law, The Wall Street Journal noted.
5. -- JPMorgan Chase (JPM) reported first-quarter earnings of $1.28 a share, down from $1.59 a share a year earlier.
Revenue in the quarter was $22.99 billion, down from $25.12 billion in the year-earlier quarter.
Analysts were looking for earnings of $1.40 a share on revenue of $24.53 billion.
The stock was down 3.6% in premarket trading to $55.32.
6. -- Wells Fargo (WFC) reported earnings of $1.05 a share in the first quarter. Analysts were looking for profit of 97 cents a share.
Revenue was $20.6 billion, in line with forecasts.
Wells Fargo shares fell 0.5% to $47.45.