Here's everything you need to know before Friday's opening bell:
- The Fed identified "widespread and critical deficiencies" in the capital-planning practices of DB USA, Deutsche Bank's (DB) U.S. subsidiary.
- Nike (NKE) said a renewed focus on direct-to-consumer sales helped lift overall sales by 12.8% to $9.79 billion.
- Novartis (NVS) said it would spin off its eyecare unit, Alcon.
- Xiaomi's IPO in Hong Kong was priced at the bottom of an indicative range, raising $4.72 billion.
- U.S. stock futures rose.