Stock Futures Slip as Wall Street Wraps Roller Coaster Week

Stock futures are lower Friday, as Wall Street wraps a volatile week marred by trade policy uncertainty, inflation concerns, and tech sector weakness. Despite the early dip, the S&P 500 Index (SPX) is still on pace for its first weekly win in the last five, a losing streak that briefly pushed the index into correction territory.

The Dow Jones Industrial Average (DJI) is tracking for its best weekly gain since January, while the Nasdaq Composite Index (IXIC) is on course for a fifth straight weekly loss. However, amid a signal of potential easing investor anxiety, the Cboe Volatility Index (VIX) is eyeing its second straight weekly drop.

Continue reading for more on today's market, including:

• Sports betting stocks for March Madness season.
• EV stock downgraded on long-term worries.
• Plus, three blockbuster earnings reports to close out the week.

5 Things You Need to Know Today

1. The Cboe Options Exchange (CBOE) saw more than 1.9 million call contracts and 1.1 million put contracts exchanged on Thursday. The single-session equity put/call ratio rose to 0.61, while the 21-day moving average stayed at 0.60.
2. FedEx Corp (NYSE:FDX) stock gained is 8.8% lower premarket today, after the company missed fiscal third-quarter earnings expectations and lowered its full-year profit forecast. The shipping giant cited ongoing weakness in the U.S. industrial economy as a major drag on business-to-business demand.
3. Micron Technology Inc (NASDAQ:MU) stock is down 3.2% before the bell despite the chipmaker beating second-quarter earnings and revenue estimates. Micron reported a tripling of data center revenue year-over-year and issued an upbeat third-quarter outlook, forecasting $8.8 billion in revenue versus the $8.48 billion consensus. Heading into today, MU was up 22.4%. 
4. Nike Inc (NYSE:NKE) stock is down 7.4% in electronic trading. While the retailer topped earnings estimates for its third quarter, a downbeat fourth-quarter outlook is weighing. The athletic apparel company warned its restructuring efforts will weigh on both revenue and profit margins, with sales expected to decline in the low-to-mid teens. NKE has shed nearly 10% in March. 
5. Get ready for tons of economic data and a few notable earnings reports.

European Travel Stocks Suffer After Heathrow Airport Fire

Asian bourses finished the week on an uneven note. Japan's Nikkei returned from a holiday to shed 0.2%, even after headline inflation in February cooled off from its January two-year high. South Korea’s Kospi gained 0.2%, locking in a fifth-straight win. Hong Kong’s Hang Seng gave back 2.2%, with healthcare and cyclical stocks taking the brunt of the damage. Rounding out the region, China’s Shanghai Composite fell 1.3%.

In Europe, travel stocks are weighing, after London’s Heathrow Airport had to be shuttered due to a fire. At last check, the FTSE 100 was off by 0.5%, the French CAC 40 is 0.7% lower, and the German DAX is down 0.8%.