5 things to know before the stock market opens Friday

5 things to know before the stock market opens Friday

1. Stock futures flat after first week of second-quarter earnings U.S. stock futures , the final day of trading in the first week of second-quarter earnings reports. futures implied an opening gain of roughly 35 points, while futures for the and were little changed. A day earlier, the Dow Jones Industrial Average advanced 53.79 points, or 0.15%, to finish at 34,987.02. The broad S&P 500 and tech-heavy Nasdaq dropped 0.33% and 0.7%, respectively. The 30-stock Dow is on pace for its fourth positive week in a row. The S&P 500 and Nasdaq are on pace to break three-week win streaks. Wall Street will get a look at American's recent spending habits at 8:30 a.m. ET, when the Commerce Department releases June retail sales figures. Economists expect a 0.4% decline, according to Dow Jones. In May, retail sales fell more than the Street projected. This week's earnings reports were highlighted by the major U.S. banks. Looking ahead to early next week, is scheduled to report Monday, while , and post results Tuesday. 2. Yellen expects more 'rapid inflation' ahead before cooling kicks in Treasury Secretary told CNBC she expects before price pressures begin to subside. "I'm not saying that this