NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, Dec. 19:
1. -- U.S. stock futures were rising Friday following a giant two-day advance, the result of reassurances from the Federal Reserve that it would be "patient" in deciding when to hike interest rates.
European stocks turned mixed after trading higher earlier in the session.
Asian shares saw robust gains on Friday. Japan's Nikkei 225 jumped 2.4% while Hong Kong's Hang Seng advanced 1.3%.
2. -- The economic calendar in the U.S. on Friday is bare.
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3. -- U.S. stocks on Thursday rocketed higher, sending the Dow Jones Industrial Average to a 400-point gain.
The S&P 500 climbed 2.4% while the Nasdaq added 2.2%. The Dow soared 420 points, its largest advance since November 2011.
4. -- Athletic apparel and sneaker maker Nike (NKE) reported fiscal second-quarter sales and profit that exceeded analysts' expectations but an increase of 7% in worldwide futures orders was the slowest pace in four quarters.
The decline in futures orders, which was 11% excluding currency changes, included a drop in Japan and emerging markets. Analysts were expecting growth of 11.3%.
5. -- Metlife (MET) has been labeled as "systemically important," a designation that brings stricter government oversight.
MetLife must increase its cushion of capital against losses, limit its use of borrowed money and submit to inspections by examiners. MetLife will come under the supervision of the Federal Reserve. Its primary regulator now is New York state.
MetLife said it was "disappointed" in the decision and has given the regulators evidence showing it is not systemically important as defined by law. It has 30 days to decide whether to appeal the regulators' action in federal court.
6. -- Xerox (XRX) agreed to sell its slow-growing information technology outsourcing business to France's Atos (AEXAF) for $1.05 billion.
By selling the unit, Xerox can now focus on building up the faster-growing units, business process outsourcing and document outsourcing, Robert Zapfel, president of Xerox services business, told Reuters.
7. -- Smartphone maker BlackBerry (BBRY) is expected by analysts on Friday to report a quarterly loss of 5 cents a share on revenue of $936 million.