The future outlook is mixed as the UAW strikes and the Chinese economy shows signs of recovery

5 things you should know before the markets open

22 minutes ago

Here’s what investors need to know to start their day:

1. For the first time, the United Auto Workers union launched a simultaneous strike against Detroit’s three major auto companies, with nearly 12,700 workers planning to stop work at select plants.
2. Arm Holdings (ARM) shares rose nearly 2% in premarket trading after the British chip designer’s initial public offering was a success. Shares rose nearly 25% on the company’s first day of trading.
3. Shares of used car dealers rose as negotiations between auto workers and Detroit automakers stalled.
4. Content creation software Adobe (ADBE) posted earnings slightly above analyst estimates as it promoted a new suite of artificial intelligence (AI) tools for its products.
5. The preliminary September reading of the Michigan Consumer Sentiment Index when released at 10 a.m. ET is expected to show a decline to 69.2 from 69.5 the previous month.

-Terry Lane

Stock futures mixed before market open

45 minutes ago

Futures contracts tied to the Dow Jones Industrial Average rose 0.2% in premarket trading Friday.

S&P 500 futures traded 0.1% higher.

Nasdaq 100 contracts fell about 0.1%.