US STOCKS-Wall Street set to edge lower at open as energy stocks slip

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<br>By Medha Singh and Shivani Kumaresan<br> <br>Feb 12 (Reuters) – Wall Street’s main indexes were set to open slightly lower on Friday as energy stocks slipped while investors booked profits after a rally on bets of fiscal stimulus and a vaccine-fueled bounce back in the economy.<br> <br>Chevron Corp, Occidental Petroleum Corp and Exxon Mobil Corp dipped between 0.5% and 1.1% in premarket trading as oil prices retreated on demand fears.<br> <br>U.S.
President Joe Biden will meet with a bipartisan group of mayors and governors on Friday as he continues to push for approval of a $1.9 trillion coronavirus relief plan.<br> <br>All three major indexes hit record highs this week and ngentot di kamar mandi were on course for their second straight weekly rise, as a sharp drop in new COVID-19 cases and hospitalizations also buoyed hopes of life eventually returning to normal.<br> <br>U.S.

stock markets will be closed on Monday on account of George Washington’s Birthday.<br> <br>”The markets have gone up tremendously,” said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh.<br> <br>”It’s going to be a long weekend and it’s going to make things more volatile and there is just less interest in buying more.”<br> <br>A Reuters poll showed the U.S.
economy is expected to reach pre-COVID-19 levels within a year as the proposed $1.9 trillion fiscal package helps boost economic activity, but it’s likely to take over a year for unemployment to fall to early 2020 levels.<br> <br>With the markets near historic highs, many analysts have cautioned of a near-term pullback, with new coronavirus variants and bumps in vaccine distribution posing as threats.<br> <br>At 8:17 a.m.

ET, Dow E-minis were down 28 points, or 0.09% and S&P 500 E-minis were down 6.25 points, or 0.16%. Nasdaq 100 E-minis were down 14.75 points, or 0.11%.<br> <br>Largely upbeat earnings update have also supported market sentiment. About 82% of 355 S&P 500 firms have topped analysts’ estimated for fourth-quarter profit, well above the average beat rate of 76% over the past four quarters, per Refinitiv data.<br> <br>Walt Disney Co rose 1.4% after the company swung to a surprise quarterly profit as “The Mandalorian” and “Soul” lifted its fast-growing streaming business, outweighing pandemic worries about its hobbled theme park operations.<br> <br>PayPal Holdings Inc rose 3% as several brokerages raised price targets on the stock a day after the payments company’s investor day call.<br> <br>Economic data at 10 a.m.

ET (1500 GMT) is expected to show that a reading on the University of Michigan’s consumer sentiment index edged up to 80.8 in February from 79 in January. (Reporting by Medha Singh in Bengaluru; Editing by Maju Samuel)<br>

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