U.S. stock futures swung between gains and losses on Friday after Thursday’s mixed close. Futures of major benchmark indices were mixed.
Thursday experienced a rotation out of expensive tech names, which helped U.S. stocks settle mostly higher, with the Dow Jones surging over 600 points. Overall risk appetite remained resilient following the Federal Reserve’s third consecutive interest-rate cut delivered a day earlier.
Meanwhile, President Donald Trump signed a sweeping executive order aimed at creating a single national framework for artificial intelligence (AI), moving to sideline state-level rules he argued were hindering America’s ability to maintain its leadership in this space.
The 10-year Treasury bond yielded 4.17% and the two-year bond was at 3.53%. The CME Group’s FedWatch tool‘s projections show markets pricing a 73.4% likelihood of the Federal Reserve leaving the current interest rates unchanged.
| Futures | Change (+/-) |
| Dow Jones | 0.17% |
| S&P 500 | -0.19% |
| Nasdaq 100 | -0.54% |
| Russell 2000 | 0.06% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Friday. The SPY was down 0.13% at $688.30, while the QQQ declined 0.45% to $622.78, according to Benzinga Pro data.
Stocks In Focus
Costco Wholesale
- Costco Wholesale Corp. (NASDAQ:COST) was 0.52% lower in premarket on Friday despite reporting better-than-expected financial results for the first quarter of fiscal 2026 after the bell on Thursday.
- It maintains a weaker price trend over the short, medium, and long terms, with a moderate value ranking. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.
