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5 Things You Must Know Before the Market Opens Friday

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Here are five things you must know for Friday, Feb. 24:

1. -- U.S. stock futures were pointing solidly lower Friday putting in jeopardy the Dow Jones Industrial Average's streak of 10 consecutive record high closes.

The Dow rose 0.17% on Thursday, achieving a new record close of 20,810, its 10th straight record closing high. The S&P 500 gained 0.04%. The Nasdaq declined 0.43% following a mixed reaction to Tesla's (TSLA) recent quarter.

Global stocks fell Friday amid worries over U.S. trade policies and the tax and spending plans from Donald Trump.

Trump has accused countries like China and Japan of unfair competition and currency manipulation that he said are hurting U.S. jobs.

Trump, in an interview with Reuters on Thursday, called China the "grand champions" of currency manipulation.

China said on Friday it has no intention of using currency devaluation to its advantage in trade, Reuters reported.

2. -- The economic calendar in the U.S. on Friday includes New Home Sales for January at 10 a.m. EST, Consumer Sentiment for February at 10 a.m., and the weekly Baker Hughes Rig Count at 1 p.m.

Analysts polled by FactSet expect home sales will rise to a seasonally...


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