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Surveys from the euro zone showed an economic recovery from its
deepest downturn on record has stuttered this month, setting up
a downbeat tone for IHS Markit's surveys of the U.S.
manufacturing and services sectors due later in the day.
U.S. stocks finished higher on Thursday as investors bet on tech
heavyweights including Apple Inc <AAPL.O> and Amazon.com <AMZN.O>
to ride out the pandemic as U.S. data painted a picture of a
wobbly economic recovery.
Investors also worry about a stalemate in talks between House
Democrats and the White House over the next coronavirus aid bill
as about 28 million Americans continued to collect unemployment
cheques.
Earlier this week, the S&P 500 clinched a record high, recouping
the last of its losses caused by the coronavirus-driven slump
and joining the Nasdaq in notching new highs.
The Dow still remains about 6% below its peak in February.
At 6:35 a.m. ET, Dow e-minis <1YMcv1> were down 19 points, or
0.07%, S&P 500 e-minis <EScv1> were down 3.25 points, or 0.1%
and Nasdaq 100 e-minis <NQcv1> were down 10 points, or 0.09%.
Among stocks, Deere & Co <DE.N> rose 4.5% premarket after it
revised up its full-year earnings forecast and reported a
smaller-than-expected decline in quarterly profit.
Pfizer <PFE.N> rose 1.5% after reporting positive additional
data from an early-stage study of its experimental coronavirus
vaccine being developed in collaboration with German biotech
firm BioNTech <BNTX.O22UAy.F>.
U.S.-listed shares of BioNTech <BNTX.O> jumped 8.1%.
Tesla <TSLA.O> gained another 1.8% after surging past the $2,000
mark on Thursday for the first time and extending its rally
ahead of an upcoming share split.
(Reporting by Medha Singh in Bengaluru; Editing by Maju Samuel)
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