With trading resuming following the Thanksgiving Day holiday on Thursday, stocks are likely to come under pressure in early trading on Friday. The major index futures are currently pointing to a sharply lower open for the markets, with the Dow futures down by 809 points.
The downward momentum on Wall Street comes following reports a new and possibly vaccine-resistant coronavirus variant has been detected in South Africa.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.