UROV Urovant Sciences Ltd

By Mischa Frankl-Duval 

Here's what we are watching as markets kick into gear Friday.

-- U.S. stock futures climbed, suggesting most major indexes are headed for a second week of gains. S&P 500 futures and Nasdaq-100 futures both gained 0.7%. Economically-sensitive sectors like energy and banks have been some of the week's best performers. Read our full market wrap here.

-- What's coming up. The University of Michigan's preliminary consumer sentiment index for November, due at 10 a.m., is expected to hold fairly steady, reflecting the crosscurrents of an uncertain election, stock market gains, rising employment and more Covid-19 cases.

Market Movers to Watch

-- DraftKings shares rose more than 10% premarket after reporting growing revenue and user figures for the latest quarter.

-- Palantir shares fell around 2% premarket, reversing course after Morgan Stanley cut its rating on the stock. The data analysis company raised its annual revenue outlook Thursday after it posted better-than expected sales in its first quarterly report since going public in September.

-- Cisco shares rose 6.9% premarket after the company reported better-than-expected earnings, and an outlook that exceeded Wall Street's expectations.

-- Walt Disney climbed 3.6% premarket after reporting better streaming figures than expected, and a narrower loss than analysts had predicted.

-- Li Auto jumped more than 17% premarket after the electric-vehicle maker reported a quarter-on-quarter rise in revenue and gross margin.

-- Biopharmaceutical firm Urovant Sciences leapt 90% after majority shareholder Sumitovant Biopharma agreed to buy the company's remaining shares.

Must Reads Since You Went to Bed

How a Coronavirus Vaccine Maker's Stock Went From Dud to Star

Investors Flock to SPACs, Where Risks Lurk and Track Records Are Poor

Beijing Attacks America's New Investment Blacklist

China's Health-Care Listings Break Records

How Joe Biden's Tax-Increase Wish List Could Affect You

Tesla CEO Elon Musk Says He Tested Both Positive and Negative for Covid-19

Some Grocers Brings Back Purchase Limits as Covid-19 Cases Rise

(END) Dow Jones Newswires

November 13, 2020 09:21 ET (14:21 GMT)

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