Megacaps started strong but gave back all their gains as sellers returned while the broader market fared mostly better as the market lacked direction Friday. The Dow Jones industrial average gained 0.7 percent, the S&P 500 firmed 0.2 percent and the Nasdaq was flat. US Treasury yields and the dollar rose and oil prices declined.

Bargain hunting lifted megacaps and momentum stocks after days of losses but that was eclipsed as the day progressed as the same profit-taking pressures and risk aversion resumed. Information stocks ended flat after being up nearly 2 percent in early going. Consumer discretionary lagged with notable weakness in Amazon and Tesla. Energy held up best even as crude prices slipped.

Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.

Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.