Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, March 11:
1. -- U.S. stock futures were pointing to losses on Wall Street Monday, potentially putting an end to the six-day winning streak for the Dow Jones Industrial Average.
European stocks were trading lower while Asian shares ended mixed. Japan's Nikkei 225 index rose 0.5% to close at 12,349.05.
2. -- The economic calendar in the U.S. Monday is bare.
3. -- U.S. stocks on Friday finished with gains and the Dow smashed through 14,400 for the first time during the trading session.
The Dow advanced 67.58 points, or 0.47%, to close at 14,397.07 on Friday, earlier spiking to an intraday high of 14,413.17. The blue-chip index surged 2.18 on the week.
The S&P 500 rose 6.92 points, or 0.45%, to 1,551.18. The index popped 2.17% for the week. The Nasdaq finished ahead by 12.28 points, or 0.38%, to 3,244.37. The tech-heavy index jumped 2.35% in the past five days.
4. -- Dick's Sporting Goods(DKS) is expected by analysts Monday to post fourth-quarter earnings of $1.06 a share on sales of $1.86 billion, up 16% from a year earlier..
5. -- Apparel retailer Urban Outfitters(URBN) is forecast to report earnings of 57 cents a share in the fourth quarter on revenue of $848.2 million.
6. -- AT&T(T) is considering buying a 25% stake in India's Reliance Jio Infocomm, a telecommunications venture controlled by billionaire Mukesh Ambani, for $3.5 billion, Reuters reported, citing the Times of India newspaper.