S&P 500 futures fell slightly on Friday after the market surged to fresh records as investors took signs of weakening jobs and tame inflation to mean the Federal Reserve will lower interest rates next week.
Futures for the Dow Jones Industrials slid 113 points, or 0.2%, to 46,028.
Futures for the much-broader index fell 3.5 points at 6,589.
Futures for the NASDAQ gained 22.5 points, or 0.1%, to 24,040.25.
The NASDAQ is on track for its second winning week in a row, while the Dow is poised to post its first positive week in three.
All three major averages are up about 1.6% week to date. The S&P 500 is on pace for its best weekly performance since early August and its fifth positive week in six.
Shares of Warner Bros. Discovery rose more than 5% in the pre-market on Friday, a day after the stock saw its best day on record.
Futures markets are pricing in a quarter-percentage-point drop at the conclusion of Fed’s Sept. 17 meeting with near certainty.
In Japan, the Nikkei 225 leaped 0.9% to a new record high Friday, while in Hong Kong, the Hang Seng popped 1.2%.
Oil prices strengthened $1.15 to $63.52 U.S. a barrel.
Gold prices brightened $12.60 at $3,686.20 U.S. per ounce.
