By Jem Bartholomew
Here's what we're watching as markets kick into gear Friday.
-- Stock futures slipped, putting Wall Street on track to end a choppy week with muted losses. Futures tied to the S&P 500 and the Dow Jones Industrial Average both fell 0.2%. Read our full market wrap here.
-- What's coming up. A measure of European consumer confidence is due at 10 a.m. ET, and the Baker Hughes rig count, a proxy for drilling activity in the oil industry, is expected at 1 p.m.
-- IPOs to watch. Maravai LifeSciences Holdings and Sotera Health are expected to begin trading Friday.
-- Pfizer said it plans to ask U.S. health regulators on Friday to permit use of its Covid-19 vaccine, a milepost in months of frantic efforts to find a medicine that could beat back a rampaging pandemic. It could put the vaccine on track for distribution in December if cleared quickly. The pharmaceutical company's shares climbed 1.5% in offhours trading.
Market Movers to Watch
-- Gilead Sciences fell 1.6% before the bell after the World Health Organization recommended against the use of antiviral drug remdesivir for Covid-19.
-- Moderna, another company in the race for a coronavirus vaccine, saw its shares climb premarket over 3%.
-- Ross Stores gained 4.4% offhours after the retailer posted third-quarter earnings that beat analysts' predictions.
-- Workday dropped 3.4% premarket after the cloud-software company warned of lingering Covid-19 effects, despite reporting profit and revenue that topped Wall Street's expectations.
-- Foot Locker advanced 2.8% premarket after the shoe retailer posted quarterly earnings that beat analysts' expectations.
-- Occidental Petroleum jumped 2.5% before the market opened after Susquehanna Community Financial said the oil company's share price would rise to $18 a share. Occidental closed Thursday at $13.36.
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(END) Dow Jones Newswires