Fortnite, Baidu, DraftKings, Amazon – 5 Things You Must Know

Here are five things you must know for Friday, Aug. 14:

1. — Stock Futures Fall as Stimulus Hopes Fade

Stock futures pointed to a weaker start for Wall Street Friday as investors continued to monitor the stalemate between lawmakers on further fiscal stimulus and looked ahead to retail sales data for signs of recovery from U.S. consumers.

Weaker-than-expected economic data from China, which included a surprise decline in retail sales for July, added to the cautious trading.

Contracts linked to the Dow Jones Industrial Average fell 189 points, S&P 500 futures declined 14 points and Nasdaq futures slumped 14 points.

The S&P 500 finished Thursday at 3,373.43, down 0.2%, but at one point during the session rose above its all-time close of 3,386.15 set in mid-February.

The Dow declined 80.12 points, or 0.3%, to 27,896.72, while the Nasdaq rose 0.3%.

House Speaker Nancy Pelosi said Thursday that Democratic lawmakers and the White House remain “miles apart” in their stimulus talks. Senate lawmakers, meanwhile, followed House Democrats in adjourning for the summer break.

The number of Americans filing for first-time unemployment benefits fell to 963,000 in the week ended Aug. 7. It was the first time claims came in below 1 million since the onset of the coronavirus pandemic in March.

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