S&P in Danger of Ending 4-Week Win Streak



Stock futures were lower on Friday, dimming hopes that the S&P 500 could grind out another positive week.

Futures for the Dow Jones Industrials faded 239 points, or 0.7%, early Friday to 34,742.

Futures for the S&P 500 subtracted 38.5 points, or 0.9%, to 4,248.00

Futures for the NASDAQ Composite gave back 140.5 points, or 1%, to 13,382.75.

For the week, the S&P 500 entered Friday’s session up just 0.08%, and the Dow was up 0.7% in that time. The tech-heavy NASDAQ came into Friday riding a 0.6% weekly loss. The S&P 500 has posted a gain in each of the last four weeks.

There are no major economic reports due out on Friday, but traders are still parsing through some key earnings. Applied Materials shares rose slightly in the premarket on the back of a better-than-expected quarterly report.

In Japan, the Nikkei 225 index gave up 11 points, while in Hong Kong, the Hang Seng index eked up 0.1%,

Oil prices gained 97 cents to $89.08 U.S. a barrel.

Gold prices picked up $6.20 to $1,782.90 U.S. an ounce.

S&P in Danger of Ending 4-Week Win Streak