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Stock futures ticked up on Friday after markets rallied on the back of the latest IPO debut.
Futures for the Dow Jones Industrials picked up 44 points, or 0.1%, to 35,301.
Futures for the S&P 500 were ahead 1.75 points at 4,556.75.
Futures for the NASDAQ fell 20.5 points, or 0.1%, to 15,647.75.
Adobe fell 1.6% in extended trading even after posting better-than-expected quarterly results. Lennar edged down 0.6% despite a top-and-bottom line beat. The newly debuted Arm Holdings traded near flat in pre-market trading.
Elsewhere, a United Auto Workers strike shut down three key plants impacting operations for GM in Wentzville, Missouri; Ford’s Ranger midsize pickup and Bronco SUV plant in Wayne, Michigan, and Stellantis’ Jepp operation in Toledo, Ohio.
Ford shares fell 1.7% in pre-market trading, GM was off 1.5% while Stellantis rose 0.7%.
Arm soared nearly 25% during its market debut Thursday. The stock opened above its $51 per share IPO price and closed at $63.59, then climbed another 6.3% in pre-market trading Friday.
Investors are looking ahead to another packed day for economic data. This includes a preliminary September consumer sentiment reading, as well as import and export prices for August. Industrial and manufacturing production data for August are also due.
Stocks are headed for a winning week, with the Dow on pace for a nearly 1% gain and its second positive week in three. The S&P and NASDAQ have jumped about 1.1% and 1.2%, respectively, putting them on track for their third positive weeks in four.
In Japan, the Nikkei 225 index leaped 1.1% Friday, while in Hong Kong, the Hang Seng was ahead 0.8%.
Oil prices gained 22 cents to $90.38 U.S. a barrel.
Gold prices improved $6.30 to $1,939.10.
