Wall Street shares are seen starting lower on Friday, after the recent highs of the new year.
In pre-market trade, grocer Kohl's Corp (NYSE:KSS) is a notable mover, up 6.70% to US$58 as it posted results, which showed same-store sales for the holiday season climbed nearly 7% compared to a year ago.
The company also raised its full-year profit outlook and now expects 2017 earnings per share (EPS) to fall between US$4.10 and US$$4.20 compared to a previous forecast of between US$3.72 and US$3.92 a share.
Meanwhile, tech firm Nvidia Corp ( NASDAQ:NVDA) added 2.11% after hours and may well be a stock in focus today, as it emerged taxi app group Uber and Volkswagen have inked a deal to use the firm's AI (artificial intelligence) tech in their self-driving fleets.
Meanwhile, drugs giant Pfizer (NYSE:PFE) saw shares lose 0.41% to US$36.86 after hours. It has emerged that the group's decision to stop research and development (R&D) into new neuroscience drugs, including its work in Alzheimer’s and Parkinson’s diseases, will lead to about 300 jobs going.
Apple (NASDAQ:AAPL) shares may also be in focus, having slipped slightly in after hours deals (0.14%) to US$174.74 as two of the tech behemoths shareholders have asked that it assess the impact of smartphones on children and young people.
Two investors, who collectively control $2 billion worth of shares, are urging Apple to offer more choices and tools to help children fight addiction to its devices. https://t.co/9LOGk7FGTX
— USA TODAY (@USATODAY) 8 January 2018
Apple shares closed 1.14% up on Friday.