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Here’s what we’re watching before Friday’s trading gets underway.

U.S. stock futures fell, putting the S&P 500 on track for its worst week in a month following a sharp selloff in technology stocks.

Futures tied to the S&P 500 slipped 0.3% after the index ended the previous session down almost 2% for the week. Contracts linked to the Nasdaq-100 shed 0.5% on Friday, suggesting tech stocks may continue to retreat. Read our full market wrap.

What’s Coming Up

Earnings are due before the opening bell from

DraftKings.


DKNG -4.10%

U.S. personal income for January, due at 8:30 a.m. ET, is expected to increase 9.5% and consumer spending is expected to grow 2.5% from a month earlier. The University of Michigan’s consumer sentiment index for February, due at 10 a.m., is expected to tick up to 76.8 from a preliminary reading of 76.2.

Market Movers to Watch

—The “meme” stocks are bouncing around ahead of the bell.

GameStop


GME 18.56%

is up 8.4%,

Koss


KOSS 16.76%

is down 12% and

AMC Entertainment


AMC -8.80%

is down 4.1%.

Workday


WDAY -4.41%

shares dropped 6.5% premarket, even though the online human-resource services provider reported an earnings beat, as its revenue has jumped amid demand for online services amid the pandemic.

DoorDash


DASH -5.36%

slumped 11% premarket after the food-delivery service said it sees the days of breakneck growth coming to an end as vaccinations sweep the country and the economy crawls toward reopening.

A bike messenger carries a DoorDash bag New York, Dec. 9, 2020. DoorDash logged $970 million in revenue over the final quarter of 2020



Photo:

Michael Nagle/Bloomberg News

Salesforce


CRM -3.90%

shares fell 3.6% premarket. The business software provider posted record sales and lifted its outlook for the current year.

Etsy


ETSY -5.51%

shares jumped 5.8% premarket. After riding the initial wave of demand for handmade face masks last spring, Etsy said mask sales shrunk as a portion of the company’s sales, even as overall sales accelerated.

Airbnb


ABNB -9.06%

shares added 1.4% premarket. The home-sharing giant posted a steep annual loss in its first earnings as a public company, as costs tied to its market debut capped a year in which the pandemic ravaged the travel industry.

Beyond Meat


BYND -5.46%

shares gained 4.7% after it said it struck deals to supply plant-based meat imitations to McDonald’s,

KFC

and Pizza Hut, a victory in its effort to take meat alternatives into the American dining mainstream.

Market Fact

The yield on the benchmark 10-year Treasury note reached as high as 1.539% before finishing Thursday’s session at 1.513%, according to

Tradeweb

its highest level in a year.

Chart of the Day

Initial public offerings for mortgage lenders haven’t worked out the way all the companies were hoping.

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