Futures Little Changed Friday



S&P 500 futures were relatively unchanged on Friday after a strong Wall Street session that put the index, as well as the NASDAQ Composite, on track for weekly gains.

Futures for the Dow Jones Industrials gained 46 points, or 0.1%, to 52,807.

Futures for the S&P 500 dipped 6.75 points, or 0.1%, to 7,582

Futures for the NASDAQ Composite flopped 111 points to 29,826.

The S&P 500 is pacing for a 0.8% advance on the week, while the NASDAQ Composite is tracking to finish the period with a gain of 1.5%. The Dow, on the other hand, was lower by 0.8%.

Chip stocks were weak ahead of the U.S. debut of South Korean chipmaker SK Hynix on the Nasdaq Friday.

The company, which exploded higher this year on the massive demand for memory, is pricing its American depository receipts at $149 each. Some traders worry the new offering may compete for investor funds with U.S. memory stocks like Micron Technology.

Micron, Marvell Technology and Lam Research all shed around 1% in premarket trading, while Intel fell 2%. Nvidia, Broadcom and AMD were also among those trading in negative territory.

In Japan, the Nikkei 225 sprang up 1.2% Friday, while in Hong Kong, the Hang Seng picked up 0.6%.

Oil prices increased 38 cents to $72.46 U.S. a barrel.

Gold prices retreated $33.50 to $4,107.30 U.S an ounce.