$Tesla (TSLA.US)$ fly me to the moon and let me play among the stars...

By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock futures dropped in early morning trading on Friday as investors geared up for a shortened trading day amid renewed Covid fears over a new variant found in South Africa.
- Shares of Malaysia glove stocks rose sharply on renewed buying interest after a new, fast-spreading coronavirus variant was found in South Africa.
Market Snapshot
U.S. stock futures dropped in early morning trading on Friday as investors geared up for a shortened trading day amid renewed Covid fears over a new variant found in South Africa.
Futures for the $Dow Jones Industrial Average (.DJI.US)$ fell 828 points, while those for the $S&P 500 Index (.SPX.US)$ and $NASDAQ 100 Index (.NDX.US)$ were also in in negative territory.
Market Temperature
Read more: Market Temperature (11/26)
Top News
Stock futures, oil drop on concerns over covid strain
U.S. stock futures and international equity markets fell after South Africa warned about a new strain of the coronavirus, triggering concern about the potential for travel restrictions or other curbs. Oil prices and Treasury yields also declined.
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Rent rises that haven't yet been measured will filter through to higher services inflation in coming months.
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Micron, UMC reach settlement in IP theft case
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Uber CFO focuses on revenue growth after profitability milestone
Nelson Chai said the company wants to keep improving adjusted Ebitda but long-term growth is "the real focus point." $Uber Technologies (UBER.US)$
New covid-19 variant drives rally in Malaysia glove stocks
Shares of Malaysia glove stocks rose sharply on renewed buying interest after a new, fast-spreading coronavirus variant was found in South Africa.
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg