5 things to know before the stock market opens Friday

5 things to know before the stock market opens Friday

Here are the most important news, trends and analysis that investors need to start their trading day:

The Commerce Department is out with personal income and spending figures for February at 8:30 a.m. ET. Economists expect an income drop of 7%. Spending is also seen dropping by 0.8%. In January, income jumped 10%, its biggest monthly gain since April, as Americans received stimulus checks approved in December. Spending in January increased by 2.4%. In the coming months, another round of stimulus checks, approved in March, could start showing up in the data.

WeWork, which pulled its IPO in 2019 after a dwindling valuation and resignation of co-founder Adam Neumann, has reached a new deal to go public. The office-sharing company agreed on Friday to merge with special purpose acquisition company BowX Acquisition Corp. The transaction values WeWork at $9 billion, a fraction of its one-time valuation of around $47 billion. Following the announcement, shares of BowX rose 2.5% in Friday premarket.

A man talks by his phone in front of GameStop at 6th Avenue on February 25, 2021 in New York.

GameStop shares jumped roughly 10% in Friday's premarket, the morning after snapping a five-session losing streak and closing 52% higher. There was no