Stock futures are slightly lower Friday as the Santa Clause rally that kicked off earlier in the week loses steam.
Futures tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq were each down 0.4% about an hour before the opening bell. The major indexes closed near unchanged on Thursday, with the Dow inching higher to extend its winning streak to five sessions.
Despite the sluggish performance for stocks since the Christmas break, the major indexes are on track to post weekly gains. The Dow, S&P 500 and Nasdaq all fell last week, the first time in five weeks all three had lost ground, as the market hit the brakes on a huge post-election surge.
Mega-cap technology stocks were down across the board in premarket trading Friday. Apple (AAPL), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Meta Platforms (META) and Tesla (TSLA) were all down slightly this morning. Apple is on the verge of becoming the first company to ever have a market capitalization of more than $4 trillion.
Bitcoin was at $96,400, little changed from where it was trading late yesterday. Gold futures were down about 0.5% at $2,640 an ounce, while crude oil futures rose about 1%.
Futures Point to Lower Open for Major Indexes
43 minutes ago
Futures tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq 100 were each down 0.4% about an hour before Friday’s opening bell. The indexes, however, remain on track to post weekly gains, rebounding from last week’s downturn.
Dow Jones Industrial Average Futures
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S&P 500 Futures
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Nasdaq 100 Futures
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