Morning Briefing: 10 Things You Should Know
NEW YORK ( TheStreet) -- U.S. stock futures were pointing to slight gains on Wall Street Friday as overseas stocks traded mixed despite a sharp drop in U.S. jobless claims.
European stocks were trading lower while Asian stocks ended Friday's trading session mixed. Japan's Nikkei 225 index closed nearly 0.2% lower at 8,534.12.
The economic calendar in the U.S. Friday includes the producer price index for September at 8:30 a.m. EDT, the preliminary University of Michigan consumer sentiment survey for October at 9:55 a.m. , and the Treasury Department's budget for September at 2 p.m.
The Dow Jones Industrial Average lost 19 points, or 0.14%, to close at 13,326. The S&P 500 rose less than a point, 0.02%, to close at 1433. The Nasdaq fell more than 2 points, or 0.08%, to settle at 3049.
Vice President Joe Biden and Republican Paul Ryan clashed Thursday night in a debate that tackled topics such as the economy, taxes and Medicare, among other things.
The early take is that Biden eked out a victory, perhaps slowing the momentum Republicans gained from last week's presidential debate where Mitt Romney, the GOP presidential nominee, was viewed as the clear winner over President Obama.
Wells Fargo (WFC) , facing a lawsuit for its mortgage practices related to the financial crisis, is seen by analysts Friday posting quarterly earnings of 87 cents a share on revenue of $21.47 billion.
Analysts were looking for sales of $1.38 billion.
Shares of Sprint (S) rose 14.3% to $5.76 on Thursday after the telecommunications company confirmed it was in talks for a possible "substantial" investment. from Japanese firm Softbank.
Reuters, citing sources with direct knowledge of the matter, reported Friday that Softbank is in talks with three major Japanese banks to borrow $23 billion (1.8 trillion yen) to finance a bid for Sprint .
Best Buy (BBY) is planning to match the prices of Internet competitors such as Amazon.com this holiday season, The Wall Street Journal reported, citing a person familiar with the matter.
Best Buy also is preparing to offer free home delivery on merchandise that is out of stock in stores, the newspaper reported.
The European Union won the Nobel Peace Prize on Friday for its efforts to promote peace and democracy in Europe, despite the region's debt crisis.
-- Written by Joseph Woelfel