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…
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