April 11 Premarket Briefing: 10 Things You Should Know

Tickers in this article: BA FDO GOOG JPM WFC

Here are 10 things you should know for Friday, April 11:    

1.-- U.S. stock futures were trading flat Friday and global shares were falling following Wall Street's selloff on Thursday, which was led largely by a drop in technology shares.

Japan's Nikkei 225 closed lower by 2.4%. Hong Kong's Hang Seng finished 0.8% lower.

2.-- The  economic calendar  in the U.S. on Friday includes the Producer Price Index for March at 8:30 a.m. EDT, and the University of Michigan Sentiment Index for April at 9:55 a.m.

3.-- U.S. stocks  on Thursday fell sharply as a two-day recovery was stopped short by heavy selling of high-momentum names in the technology and biotech sectors. The losses came even as data showed improvement in labor market conditions.

The Dow Jones Industrial Average  closed down 1.62% to 16,170.22 while the  S&P 500  ended 2.09% lower at 1,833.08 -- both indices suffered their biggest falls in two months. The  Nasdaq was the worst hit, posting its biggest decline since November 2011. The index dropped 3.1% to 4,054.11.

4. -- Health and Human Services Secretary Kathleen Sebelius plans to resign Friday and President Obama will nominate his budget director, Sylvia Mathews Burwell, as her replacement.

Sebelius' resignation comes just a week after registrations closed for the first year of insurance coverage under the Affordable Care Act, or so-called Obamacare.

Sebelius' resignation comes after months of speculation that she would resign over the rocky implementation of the health care law, The Wall Street Journal noted.

5. -- JPMorgan Chase is expected by Wall Street on Friday to report first-quarter earnings of $1.40 a share on revenue of $24.53 billion, compared with $1.82 a share last quarter and $1.62 in the first quarter of 2013.

Legal costs are a wild card while lower revenue from trading and  mortgage origination are widely expected.

6. -- Wells Fargo is forecast by analysts to report earnings of 97 cents a share in the first quarter, which would represent a 5.4% increase on a year-over-year basis. Revenue is expected at $20.6 billion.

7. -- Boeing is moving about 1,000 of its customer support jobs out of Washington and into Southern California.

The company said Thursday that it is centralizing its customer support to its engineering design center in Southern California. It already employs 1,800 people at its Long Beach and Seal Beach sites there.

Boeing said the employees in the Puget Sound region affected by the decision will be given the chance to apply for jobs in California or elsewhere in the company.

8. -- Google  plans to sell a limited number of the "Explorer" version of Glass to any U.S. resident who places an online order for the device beginning at 9 a.m. PDT on April 15.