Dec. 6 Premarket Briefing: 10 Things You Should Know
Here are 10 things you should know for Friday, Dec. 6:
1.-- U.S. stock futures were rising Friday ahead of the U.S. jobs report for November.
Nonfarm payrolls are expected to have increased by 180,000 last month, according to a Reuters survey of economists, down from a gain of 204,000 jobs in October.
European shares were trading higher. Asian stocks ended Friday's session mixed. Japan's Nikkei 225 index rose 0.8%.
2.-- The economic calendar in the U.S. Friday includes the nonfarm payrolls report for November at 8:30 a.m. EST, personal income and personal spending for October at 8:30 a.m., and the University of Michigan Sentiment Index for December at 9:55 a.m.
3.-- U.S. stocks on Thursday fell for a fifth consecutive session on Thursday as labor market improvement and better economic growth raised the possibility of the Federal Reserve cutting back on economic stimulus in December.
The S&P 500 fell 0.43% to 1,785.03 while the Dow Jones Industrial Average declined 0.43% to 15,821.51. The Nasdaq dipped 0.12% to 4,033.16.
The country's first black president died at his home in the Johannesburg suburb of Houghton. Family members had been gathering at the home in recent days. Mandela had been receiving treatment for a lung infection.
After spending 27 years in prison during the country's apartheid era, Mandela was released in 1990 and then elected president following the country's first multiracial and democratic election. Mandela was awarded the Nobel Peace Prize in 1993.
President Barack Obama paid tribute to Mandela during a White House press conference shortly after the news broke. "He achieved more than could be expected of any man," Obama said. "We have lost one of the most influential, courageous and profoundly good human beings that any of us will share time with on this earth."
5.-- J.C. Penney
The struggling retailer disclosed in a regulatory filing that it received a letter from the SEC in October requesting information on its liquidity, cash position, debt and equity financing, as well as its offering of common stock announced in September.
The company said it's cooperating with the SEC and providing the requested information. A representative for the retailer declined further comment for The Associated Press .
Shares of J.C. Penney fell almost 3% in after-hours trading.
6.-- The Los Angeles city attorney sued Wells Fargo
In the twin lawsuits, filed in federal court, the city attorney alleges a "continuing pattern of discriminatory mortgage lending practices" in Los Angeles that violate the federal Fair Housing Act.