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Fresh Records Eyed on Wall Street Pre-Bell; Asia Off, Europe Up

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Wall Street futures pointed modestly higher pre-bell Friday as investors assessed values in a market trading near record highs, against a backdrop of a still-unsettled conflict in the Persian Gulf.

In the futures, the S&P 500 rose 0.2%, the Nasdaq inclined 0.1% and the Dow Jones was up 0.3%.

Asian exchanges traded mostly lower overnight, while European bourses edged north midday on the continent.

Netflix (NFLX) fell 10.4% pre-bell after the streaming giant issued tempered Q2 guidance late Thursday and announced that Reed Hastings, chairman and co-founder, will step down when his term ends in June.

Truist Financial (TFC) traded down 1.6% pre-bell after the bank reported Q1 earnings above expectations, but missed on revenue.

Fifth Third Bancorp (FITB) traded down 1.8% pre-bell after reporting Q1 earnings above consensus, but undershot on revenue, in pre-market release.

On the economic calendar is the Baker Hughes domestic oil-and-gas rig count at 1 pm.

Federal Reserve San Francisco President Mary Daly, Richmond President Thomas Barkin and Governor Christopher Waller are slated to speak on Friday.

In pre-market action, bitcoin traded at $75,616, West Texas Intermediate crude oil traded lower at $91.01, and 10-year US Treasuries offered 4.29%. Spot gold commanded $4,788 an ounce.

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