Updated from 6:11 a.m.
Here are five things you must know for Friday, Nov. 11:
1. -- U.S. stock futures were sinking on Friday as the presidential victory of Donald Trump continues to roil the markets. Protests in several U.S. cities have also perturbed marketwatchers. But retail stocks were a bright spot.
Friday is Veterans' Day. Many schools, banks and government offices are closed for the holiday. The U.S. markets will be open as usual.
Nasdaq futures were falling by 0.8% in premarket trading. The S&P 500 looked ready to open 0.43% lower. And the Dow Jones Industrial Average was falling by 0.23% in premarket trading.
On Thursday, financial stocks rallied while tech dropped hard. The S&P 500 added 0.20% to 2167.48. The Dow rose 1.17% to a new record of 18,807.88. The Nasdaq fell 0.81% to 5208.8. At its session low, the Nasdaq fell more than 1%.
European stocks were mixed on Friday. After booking solid weekly gains, markets took a pause in the "Trump Rally" as global bond yields continued to rise.
Asian stocks closed the week mixed on Friday. Bank stocks rose, which allowed several indices to post significant weekly gains.
After a sharp fall on Wednesday, the dollar was edging higher on the expectation that the new U.S. administration will implement a stimulus.
Crude oil prices were falling by nearly 1% for West Texas Intermediate crude oil, the U.S. measure, and by 0.5% for Brent crude oil, the European measure.
Earnings are were reported Friday from J.C. Penney (JCP) before the opening bell. The retailer disappointed on earnings, the only department store so far this quarter to do so. Shares plunged as much as 9% in premarket trading as the third-quarter loss per share was 21 cents, worse than forecasts for a loss of 20 cents. Net sales were $28.6 billion, below analyst estimates of $2.95 billion. The stock was down by more than 6% in premarket trading an hour before the opening bell.