Wall Street opened lower on Friday as weak manufacturing data from China spooked investors already worried about global growth.

LONDON - U.S. oil prices headed for their eighth consecutive week of falls on Friday, the longest losing streak since 1986, after a sharp drop in Chinese manufacturing increased worries over the health of the world's biggest energy consumer.

WASHINGTON - As he weighed whether to support President Barack Obama's nuclear deal with Iran, Representative Donald Norcross was showered with the sort of attention rarely shown to junior members of the U.S. Congress.

SHANGHAI -- Chinese stocks on Friday hit their lowest point since the government launched a massive program of intervention to prop up the market in early July, as manufacturing output figures gave another indication of the country’s slowing economy.

Gold gained in Asia on Friday after a weaker than expected manufacturing flash survey from Caixin and as investors increasingly doubt the Federal Reserve will raise rates in September. (Reuters)

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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

Ouch. It's all red on Friday.

Global markets are hitting fresh lows and U.S. stock futures are edging lower.

But it's the same old story: China turmoil, low oil prices, Fed uncertainty. 

1) China slides again

The Shanghai Composite plunged 4.3% Friday, ending the week down 11%.

China manufacturing data came out worse than expected, hitting its lowest level in more than six years. The slowdown in China's factory activity is adding to concerns about the strength of global economic growth. 

2) Stock market movers

Ross, Intuit, Mondelez International: Discount retailer Ross (ROST) saw shares sink more than 9% after the company warned it has a "cautious" outlook for the remainder of the year.

Intuit (INTU) stock also dipped 3% in after-hours trading. Mondelez International (MDLZ) shed 2.3% after the closing bell. 

3) Commodities, emerging market currencies plunging

A range of emerging market currencies edged down again on Friday as the slide in oil and other commodities continue. The Russian ruble, Turkish lira, Malaysian ringitt and others are taking a hit.

Oil is still hovering just above $40 per barrel, after plunging to a six-year low earlier this week. 

4) U.S. earnings and economics

John Deere (DE) and Foot Locker (FL) are among a small group of companies expected to report earnings before the market opens.

U.S. manufacturing data are expected later on Friday.

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What is it? Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.

When? At 8:30am Eastern Time. 

Trading Tip: If the actual number is higher than the forecast, you can expect the CAD to rise.

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