A week of records in the markets could end with a whimper, with investor sentiment struggling to recover after taking a big hit Wednesday.
Wall Street is now waiting for the U.S. government to publish housing starts and building permit numbers from April at 8:30 a.m. ET. The monthly Michigan Consumer Sentiment Index comes out at 9:55 a.m. ET.
The main premarket mover Friday is J.C. Penney. ( Shares are soaring by roughly 20% ahead of the opening bell after the company )posted quarterly sales that beat expectations and revealed a smaller-than-expected loss.
Nordstrom ( shares also rose in extended trading after the company posted earnings that beat analysts' expectations. )
Shares in Verizon ( are rising by about 2% after Warren Buffett's investment firm, )Berkshire Hathaway (, revealed it had purchased a stake worth nearly $530 million in the company. )
Indian markets were shining amid the broader gloom. The benchmark index surged to a record high as early election results suggested a sweeping victory for Narendra Modi and the pro-business Bharatiya Janata Party.