Stock futures are pointing to a slightly higher open on Friday, as major indexes enter the trading session on week-long losing streaks.
Futures tied to the Dow Jones Industrial Average and S&P 500 were up 0.3% in recent trading, while those linked to the Nasdaq added 0.4%. On Thursday, the S&P 500 and Nasdaq Composite extended their losing streaks to five sessions, while the Dow lost ground for the fourth straight day. Stocks stumbled at the end of 2024—the Dow posted its worst month in more than two years in December—after riding high for most of the year.
Shares of major tech companies, which have been among the big decliners in the market’s recent downturn, where posting modest gains in premarket trading Friday.
Tesla (TSLA) shares, which have lost 18% of their value in the past five sessions, were up 0.7%, while Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOGL), Amazon (AMZN), Meta Platforms (META) and Broadcom (AVGO) also gained ground. Apple (AAPL), which last week was on the cusp of becoming the first company ever to surpasses $4 trillion in market capitalization, was down about 0.5%.
Shares of U.S. Steel (X) were down more than 8% this morning on reports that President Joe Biden has decided to block the $14.1 billion sale of the American company to Japan’s Nippon Steel.
In other markets, bitcoin was little-changed at around $96,500, gold futures were holding steady at $2,670 an ounce and crude oil futures were down fractionally.
Futures Point to Slightly Higher Open for Major Indexes
27 minutes ago
Futures tied to the Dow Jones Industrial Average were up 0.3%.
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S&P 500 futures were also up 0.3%.
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Nasdaq 100 futures rose 0.4%.
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