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Stock futures fell slightly after the major averages posted back-to-back gains on easing geopolitical fears.
Futures for the Dow Jones Industrials dropped 109 points, or 0.2%, to 49,479.
Futures for the S&P 500 ditched eight
points, or 0.1%, at 6,937.
Futures for the NASDAQ retreated 42.25 points, or 0.2%, to 25,616.
Gains on Wednesday and Thursday erased the Dow’s losses from earlier in the week. The 30-stock Dow is up less than 0.1% on the week.
However, the S&P 500 and NASDAQ are on track for their second negative week in a row, down 0.4% and 0.3%, respectively.
Shares of Nvidia and Advanced Micro Devices rose more than 1% and about 3%, respectively, in early trading.
The moves come as people familiar with the matter told reporters that Nvidia CEO Jensen Huang is planning to visit China in the coming days.
Intel shares, in contrast, tumbled 13% after the chipmaker reported a disappointing first-quarter outlook.
The major averages rallied for a second session as investors were appeased by news of easing trade tensions and geopolitical risk. The Dow advanced more than 300 points, or 0.6%. The S&P 500 added roughly 0.6%, and the tech-heavy NASDAQ rose 0.9%.
Stocks began their rebound on Wednesday after President Donald Trump called off his threatened tariffs on the imports of eight European nations, set to start Feb.1. The president’s move came after Trump announced that he and NATO Secretary General Mark Rutte reached a “framework of a future deal with respect to Greenland.”
Internationally, markets in Japan added 0.3% Friday, while the Hang Seng in Hong Kong gained 0.5%.
Oil prices acquired $1.14 to $60.50 U.S. a barrel.
Gold prices brightened $20.90 at $4,934.20 U.S. per ounce.
