Feb. 28 Premarket Briefing: 10 Things You Should Know
Updated from 6:45 a.m. EST
Here are 10 things you should know for Friday, Feb. 28:
1.-- U.S. stock futures were suggesting Wall Street would open lower Friday ahead of economic growth data and a sentiment survey.
European stocks were flat to lower ans investors remained cautious amid the political turmoil in Ukraine.
Asian shares finished the session mostly with gains. but Japan's Nikkei 225 index bucked the trend and declined 0.6%.
2.-- The economic calendar in the U.S. on Friday includes the second estimate of fourth-quarter GDP at 8:30 a.m. EST, Chicago PMI for February at 9:45 a.m., the final University of Michigan Sentiment Index for February at 9:55 a.m. and pending home sales for January at 10 a.m.
3.-- U.S. stocks on Thursday rose after Federal Reserve Chairwoman Janet Yellen reiterated that Fed policy would remain accommodative even as the central bank wound back stimulus.
The Dow Jones Industrial Average rose 0.46% to close at 16,272.71 while the S&P 500 rose 0.50% to close at a record high of 1,854.30. The Nasdaq gained 0.63% to finish at 4,318.93.
4.-- The Mt. Gox bitcoin exchange in Tokyo filed for bankruptcy protection, acknowledging that a significant amount of the virtual currency had gone missing.
The exchange's CEO Mark Karpeles appeared before Japanese TV news cameras Friday, bowing deeply for several minutes.
He said a weakness in the exchange's systems was behind the massive loss of the virtual currency.
Kyodo News said debts at Mt. Gox totaled more than 6.5 billion yen ($65 million), surpassing its assets.
On the agenda , are the standard board approval measures plus proposals from Apple's board to remove the board's "blank check" authority to issue preferred stock, and changes to the way board members would be elected in the future, reported the Mac Observer .
There are four shareholder proposals up for consideration, including a Carl Icahn-proposed measure from which Icahn has since withdrawn his support, according to Mac Observer .
Forbes reported it wouldn't be surprising if Peter Oppenheimer announced his retirement at the meeting since he has been chief financial officer since June 2004.
The stock fell 0.1% in premarket trading.
6. -- PepsiCo
Earlier this month, PepsiCo said it would boost dividends and stock buybacks by 35% this year, but Peltz, the activist shareholder, wasn't satisfied. Trian sent a 37-page letter to PepsiCo's board outlining why it thought the snack and drink company should spin off its struggling beverage business.
7 -- Salesforce.com