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.
2. -- The economic calendar in the U.S. on Friday includes consumer sentiment numbers at 10 a.m. The weekly Baker Hughes rig count, a measure of active oil and gas rigs, will be released at 1 p.m.
Federal Reserve Vice Chairman Stanley Fischer will speak on the global economy and U.S. monetary policy in Chile at 11 a.m.
3. -- Chinese online retailer Alibaba (BABA) was ringing up massive sales for Singles' Day, which celebrates single people on 11/11. Alibaba has managed to transform the anti-Valentine's Day into a sales bonanza over the past few years.
In the first hour of Singles' Day, the company sold $5 billion in merchandise, it said. Sales beat the record from last year, 91.2 billion yuan ($13.4 billion), with nine hours still to go in the day.
In premarket trading, Alibaba stock was falling by 1.2%, after a drop of 2.4% on Thursday. An investigation into the company by the Securities and Exchange Commission seems to be making investors skittish.
Disney reported earnings of $1.10 a share for the quarter, 16% more than a year ago but still short of the $1.16 that Wall Street anticipated. Disney reported $13.1 billion in fourth-quarter revenue, which missed the $13.5 billion forecast by analysts surveyed by Thomson Reuters. The quarter had one fewer week than the quarter a year earlier, the company said.
In premarket trading, Disney stock was up by 2.3%. The stock has fallen by 9.6% so far in 2016.
Third-quarter earnings for Nordstrom were 84 cents a share, excluding one-time items, beating Wall Street forecasts for 51 cents a share. Nordstrom cut costs online and better managed store inventory. Total sales rose 7.2% from the prior year to $3.54 billion. Analysts had expected $3.48 billion.
Nordstrom rose 7.2% on Thursday and was leaping by 3.8% in premarket trading Friday.
Macy's was flat and Kohl's was falling by 0.24% in premarket trading.