March 28 Premarket Briefing: 10 Things You Should Know
Updated from 6:39 a.m. EDT
Here are 10 things you should know for Friday, March 28:
1.-- U.S. stock futures were rising ahead of consumer spending data and a reading on consumer confidence.
European stocks were higher. Asian shares finished Friday's session mostly in the green. Japan's Nikkei 225 Index rose 0.5%.
2.-- The economic calendar in the U.S. on Friday includes personal income and personal spending for February at 8:30 a.m. EDT, and the final University of Michigan Sentiment Index for March at 9:55 a.m.
3.-- U.S. stocks on Thursday fell after a disappointing GDP result, though initial weekly jobless claims continued to fall.The S&P 500 slipped 0.19% to close at 1,849.04, while the Dow Jones Industrial Average closed down 0.03% to 16,264.36. The Nasdaq declined 0.54% to 4,151.23.
4. -- Walmart
Walmart said Visa conspired with banks to illegally fix and inflate fees that retailers pay on card transactions, and that the fees cost U.S. retailers and shoppers more than $350 billion between 2004 and November 2012.
Visa shares fell 1.2% in premarket trading to $213.19.
5. -- Facebook's
CEO Mark Zuckerberg said Thursday that Facebook is hiring "key members of the team" from Ascenta, a U.K. company whose founders created early versions of the world's longest-flying solar powered drone.
Zuckerberg also unveiled Connectivity Lab , whose goal is to bolster Internet.org, the Facebook-led project that aims to connect the more than 70% of the world's 7 billion people who are not yet online.
Zuckerberg said the plan has shown an early return on investment , helping get 3 million new people connected to the Internet in the Philippines and Paraguay alone.
Facebook rose 0.9% to $61.54 in premarket trading on Friday.
6. -- BlackBerry posted a fourth-quarter loss of $423 million, or 80 cents a share, on revenue of $976 million, down from $2.7 billion a year earlier. The adjusted loss in the quarter was 8 cents a share.
Analysts expected a loss of 55 cents a share on revenue of $1.11 billion.
BlackBerry shares rose 7.5% to $9.73.
7. -- Amazon
Spokeswoman Sally Fouts told The Associated Press that Amazon runs ads ahead of movie and game trailers, but the company has no plans to offer a free streaming media service.
The Wall Street Journal reported Amazon is considering an ad-supported streaming TV and music video service. The story followed an email Amazon sent reporters inviting them to hear about an update to its video business.