5 things to know before the stock market opens Friday

SectorFinancial Markets
CountryMiddle east

1. Dow futures bounce after biggest one-day February loss U.S. stock futures rose Friday after the Dow Jones Industrial Average, S&P 500 and Nasdaq suffered their biggest one-day losses in the red-hot month of February. The Dow, which broke a three-day winning streak and fell from a record closing high, remained on track for a positive week, which would be its third straight.

The S&P 500 and Nasdaq are riding three-day losing streaks and are on pace for their first losing weeks in the past three. Bitcoin — which topped $52,000 this week — hit another all-time high early Friday near $53,000 per unit. After Tesla and other companies recently showed support for the world's biggest cryptocurrency, major financial firms also appeared to be warming to it. Treasury Secretary Janet Yellen told CNBC on Thursday she believes bitcoin is a "highly speculative asset." 2. Treasury Secretary Yellen pushes for major Covid stimulus 3. Biden to pledge billions in global Covid vaccination aid Biden is...read more...