US Stock Futures Dip on Mixed Data Amid Busy Week and Earnings
US stock futures eased on Friday as investors digested a flurry of tariff announcements and inflation updates. Dow Jones Industrial Average futures (YM=F) declined 0.2%, while S&P 500 futures (ES=F) remained flat. Nasdaq 100 futures (NQ=F) also showed minimal movement following Thursday's gains.
Markets paused to assess policy shifts from President Donald Trump, including steel and aluminum tariffs, Ukraine peace talks, and a review of the CHIPS Act. Despite these developments, stocks are poised for weekly gains after Thursday's surge due to a delay in tariff implementation. The S&P 500 (^GSPC) approaches a fresh record high, having almost reached its previous peak of 6,118.71.
Investors will delve into consumer spending patterns with Friday's retail sales data. Inflationary pressures remain a concern after this week's inflation reports, which dampen expectations of interest rate cuts.
Pre-market movers include Airbnb (ABNB), which advanced on better-than-expected earnings. GameStop (GME) rose amidst speculation of crypto investments. Moderna (MRNA) is scheduled to release earnings on Friday.
After-Hours Market Movers:
* Airbnb (ABNB): Soared 14% after surpassing revenue and profit expectations. Bookings and gross booking value also exceeded estimates.
* GameStop (GME): Gained 10% on reports of potential cryptocurrency investments.
* Palo Alto Networks (PANW): Declined 5% after missing earnings despite earlier optimism driven by strong revenue forecasts.
* Sony Group (SONY): Jumped 11% in Tokyo on revised profit forecasts and robust gaming division performance.