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Stock futures are inching higher after data showed U.S. retail sales rose by 0.6% in June. Here’s what we’re watching ahead of Friday’s opening bell.

Medical professionals prepared syringes with doses of the Moderna Covid-19 vaccine at a mass vaccination event in Washington, D.C., April 3, 2021.

Photo: michael reynolds/Shutterstock

  • Intel INTC -1.26% is exploring a deal to buy GlobalFoundries, according to people familiar with the matter, in a move that would rate as its largest acquisition ever. The semiconductor giant’s shares ticked up 0.9% premarket.
  • Chinese regulators slammed the brakes on Didi Global DIDI -2.06% ‘s shares, having on Friday entered the ride-hailing giant’s offices to conduct a cybersecurity investigation. U.S.-traded Didi shares were down 4.3% ahead of the bell.
  • American Outdoor Brands AOUT 5.99% reported a net profit for the recent quarter after a loss a year earlier, but investors seem less than impressed. Shares of the outdoor sporting and camping goods retailer dropped 9.6% off hours.
  • Alcoa AA -1.71% shares added 1.9% premarket after the aluminum producer topped second-quarter sales and income expectations as it benefited from strong demand and rising prices.
  • Kansas City Southern KSU 0.77% said revenue during the recent quarter got a boost from a strengthening Mexican peso. The railroad operator’s shares were up 1% premarket.
  • Charles Schwab SCHW 0.50% is among the companies reporting earnings Friday.

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