1. Wall Street opened lower on Friday, suggesting investors were wary of taking big positions into the weekend after days of tumultuous trading that featured both the market's worst day in four years and biggest two-day gain since the financial crisis.
2. The dollar pared losses against the other major currencies on Friday, after data showed that the U.S. goods trade deficit narrowed last month, while U.S. personal spending rose less than expected.
3. Oil prices steadied on Friday after bouncing back from six-and-a-half-year lows on recovering equities markets, strong U.S. economic growth and news of low crude supplies from Nigeria.
4. U.S. consumer spending picked up a bit in July as households bought more automobiles, offering further evidence of strength in the economy that could keep the door open to a Federal Reserve interest rate hike this year.
5. U.S. personal spending rose less-than-expected last month, official data showed on Friday. In a report, the Bureau of Economic Analysis said that personal spending rose to a seasonally adjusted 0.3%, from 0.3% in the preceding month whose figure was revised up from 0.2%.
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