Updated from 5:59 a.m.

Here are five things you must know for Friday, Dec. 30:

1. -- U.S. stock futures were rising on what is expected to be a quiet final day of trading for 2016.

European shares traded slightly lower, but still near all-time highs for the British FTSE 100. Markets were closing at 12:30 p.m. local time for the New Year's holiday. Asian stocks finished slightly lower, pushed down by a lower dollar.

Stocks closed lower on Thursday after a low-volume day of trading. The Dow Jones Industrial Average fell by 0.07% to end the day at 19,819.78. The blue-chip index retreated further from the milestone level of 20,000, a new high that the index neared but didn't hit earlier in the week.

The S&P 500 was 0.03% lower to close at 2249.26. The Nasdaq closed 0.12% down at 5432.09.

The economic calendar in the U.S. on Friday includes the Chicago purchasing managers' index at 9:45 a.m. and the Baker-Hughes rig count at 1 p.m.

Oil prices were rising and looked ready to lock in their biggest annual percentage gain in seven years. West Texas Intermediate crude oil, the U.S. measure, rose to touch $54 a barrel before paring its gains slightly. Brent crude oil, the international measure, was up to nearly $57 a barrel.

2. -- General Cable (BGC) , a wiring manufacturer, has agreed to pay a fine of $82.3 million to the federal government to settle accusations of accounting malfeasance and international bribe-paying.

The company will avoid criminal charges for three years if it satisfies the terms of the settlement with the Department of Justice and the Securities and Exchange Commission. The investigation was first announced in January of 2014.

In premarket trading, General Cable stock was flat.

3. -- Pioneering hip-hop group Run-DMC has sued a group of retailers for $50 million in alleged trademark violations. Amazon (AMZN) , Walmart (WMT) and Walmart subsidiary Jet.com have been named, along with other retailers, as defendants in the suit, which was filed by a Boston-based attorney. Run-DMC are members of the Rock and Roll Hall of Fame and penned songs such as "Christmas in Hollis."

In premarket trading, Amazon stock was rising by 0.27%, and Walmart stock was edging 0.01% higher.

4. -- A tenet of President-elect Donald Trump's economic policy is to encourage or even force U.S. companies to move overseas manufacturing jobs back to the U.S.

However, an in-depth report from The New York Times on Foxconn, a major supplier to Apple (AAPL) , suggests that government subsidies and incentives abroad might be so great that manufacturers would be unlikely to return to the U.S. In the case of Foxconn, the company received more than $1.5 billion in incentives to open and run a factory in Zhengzhou, China. Foxconn is China's largest private employer.

In premarket trading, Apple stock was moving 0.48% higher.

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5. -- Friday is the final trading day of 2016, so investors who need to take gains or losses or close out positions for the year must do so today. Markets will be closed on Monday.

Happy New Year!

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