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Stock futures slipped on Friday, a day after a downbeat day for the U.S. stock market, as traders looked ahead to a key consumer inflation report.
Futures for the Dow Jones Industrials withered 157 points, or 0.3%, to 49,366.
Futures for the much broader index dropped 22 points, or 0.3% to 6,829.
Futures for the NASDAQ fell 78 points, or 0.3%, to 24,690.
The three major averages are on pace for weekly losses, with the S&P 500 and Dow off more than 1% through Thursday’s close. The NASDAQ is on track for a 1.9% decline in the period.
Semiconductor giant Applied Materials jumped 11% in early trading on the back of strong earnings results and encouraging outlook. Airbnb shares rose 6% as investors cheered the rental company’s upbeat guidance.
Pinterest shares, by contrast, slipped 20% after the company posted fourth-quarter results that missed expectations and issued a weak forecast.
Each of the “Magnificent Seven” tech giants closed in the red. A 12% slide in Cisco Systems, driven by the company’s disappointing guidance, weighed on the broader market. Apple lost 5% during the regular session, notching its worst single-day loss since April 2025.
In Japan, the Nikkei 225 retreated 1.2%, while in Hong Kong, the Hang Seng capsized 1.7%,
Oil prices slipped 40 cents to $62.38 U.S. a barrel.
Gold prices gained $30.60 to $4,979 U.S an ounce.
