© Reuters
Investing.com — U.S. stock futures point into the green following a mixed session on Wall Street, as traders pour through a raft of economic figures this week. Gap’s (NYSE:) quarterly profit tops estimates, sending shares soaring premarket, but the retailer joins peers Target (NYSE:) and Walmart (NYSE:) in flagging some caution over consumer spending heading into the holiday shopping season. Elsewhere, Chinese tech shares plummet after Alibaba (NYSE:) scraps a planned spin-off of its cloud intelligence unit.
1. Futures tick mostly higher
U.S. stock futures inched higher on Friday, but remained relatively close to the flatline, as investors digested a week of key economic data and an ebbing stream of corporate earnings.
By 04:38 ET (09:38 GMT), the contract had edged up by 66 points or 0.2%, had risen by 8 points or 0.2%, and were mostly unchanged.
In the prior session, the 30-stock shed 1%, ending a four-day streak of gains, while the benchmark and tech-heavy both climbed by 0.1%. All three of the main indices on Wall Street remain on pace for their third consecutive positive week.
Sentiment in recent days has been aided by soft data for both…
Read the full article here