- Wall Street was set to open slightly lower on Friday with major indexes poised to end the week lower amid a mixed bag of earnings from big companies and the downward spiral of commodity prices.
Amazon.com (O:AMZN) shares jumped 21.5 percent to $585.64 in premarket trading, a day after the online retailer posted an unexpected quarterly profit.
- The dollar remain higher against a basket of other major currencies on Friday, as data showing that U.S. jobless claims fell to the lowest level since 1973 continued to support the greenback and as investors eyed additional U.S. reports due later in the day.
- Gold prices tumbled to a fresh five-year low in European morning hours on Friday, as data showing that U.S. jobless claims fell to the lowest level since 1973 and positive news from Greece weighed on the safe-haven metal.
- Crude oil futures rose on Friday, easing off the previous session's seven-month low but still remained under the $50 mark as concerns over a global supply glut continued to weigh heavily on the commodity.
- American Airlines Group Inc (O:AAL) on Friday reported second-quarter profit that topped analysts' expectations and declared a stock buyback and dividend as cheap fuel continued to benefit its bottom line.
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