Here are the events that take place on Friday.
This week s key economic report, November s employment data out at 0830 ET Friday morning, will give investors more insight into the impact that higher borrowing costs are having on growth.
Economists surveyed by Refinitiv say the U.S. economy has likely added 200,000 new non-farm jobs.
It would be the weakest job growth since December 2020 and would be down from a stronger than expected tally of 261 thousand in October.
The job market's outlook has waned after the strength seen earlier this year. That is expected to be reflected in the November employment data, said Mark Hamrick, senior economic analyst at Bankrate.com. The unemployment rate went up to 3.7% in October after matching the pre-pandemic low of 3.5% in July and September. In the months ahead, the unemployment rate is likely to increase even if it is not changed in the November snapshot. The unemployment rate is expected to hold steady at 3.7%.
100% of the population is a positive or negative experience.
ASANA RESULTS: Shares plunged 12% in extended trading. The work management platform surpassed Wall Street estimates but lowered its fiscal 2023 forecast.
Revenues are expected to be $541 million to $543 million, a year-over-year growth of 43%. The previous forecast was for revenues of $544 million to $547 million, a year-over-year growth of 44% to 45%.
GAAP operating loss was $68.1 million, or 68% of revenues, in the third quarter of fiscal 2022, compared to the GAAP operating loss of $68.1 million or 68% of revenues. The net loss per share was $0.23, higher than the estimate of $0.32 per share.
CHARGEPOINT RESULTS: Shares fell by 2% in the extended trading after the electric-vehicle charging company missed Wall Street revenue estimates for its fiscal third quarter.
ChargePoint had lost $84.5 million, or 25 cents a share, in the quarter, compared to $69.4 million, or 21 cents a share, in the year-ago quarter.
The company reported a quarterly adjusted loss of 16 cents per share for the quarter. The mean expectation for the quarter was for a loss of 19 cents per share.
Revenue between $160 million and $170 million was the focus of the company's fiscal fourth quarter.
ChargePoint guided revenue between $475 million and $485 million for full fiscal 2023. The full-year revenue is $483 million, according to the street.
TESLA LONG-HAUL: Tesla Chief Executive Elon Musk delivered the company's first heavy-duty Semi to PepsiCo on Thursday.
Musk said the battery-powered, long-haul truck would reduce highway emissions, outperform existing diesel models on power and safety and spin-off a fast-charging technology Tesla would use in its upcoming Cybertruck pickup.
PepsiCo, which used the truck to deliver snacks to attendees at the Nevada launch event, ordered 100 trucks in 2017 according to a report from Reuters. Brewer Anheuser-Busch, United Parcel Service and Walmart were among the other companies that had reserved the Semi.
UBER TECHNOLOGIES: The company isn't looking at cutting jobs, while competitors such as DoorDash and Lyft have, according to Chief Executive Officer Dara Khosrowshahi.
Khosrowshahi told Bloomberg News he was in a good place, after speaking at the Economic Club of Chicago on Thursday, responding to a question about whether the ride-hailing giant will reduce headcount.
The CEO said the company is taking more conservative stance on hiring and other investments and that Uber has avoided widespread layoffs.