U.S. stock futures pared earlier losses to advance on Friday after a mixed Thursday. Futures of major benchmark indices were trading higher.
Rising unrest in Iran gripped investor sentiment as WTI Crude futures rose, gold remained largely flat, and the silver spot was inching higher.
With the Iranian government initiating a nationwide internet blackout to quell dissent, traders were parsing the risk on global markets and the economy.
The U.S Supreme Court is set to announce its ruling on tariffs imposed on other countries by President Donald Trump later today. Meanwhile, investors also await the December jobs reports, slated to be released on Friday.
The 10-year Treasury bond yielded 4.18%, and the two-year bond was at 3.50%. The CME Group’s FedWatch tool‘s projections show markets pricing an 86.2% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.
| Futures | Change (+/-) |
| Dow Jones | 0.05% |
| S&P 500 | 0.08% |
| Nasdaq 100 | 0.15% |
| Russell 2000 | 0.11% |
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 higher in premarket on Friday. The SPY was up 0.067% at $689.97, while the QQQ advanced 0.084% to $620.99, according to Benzinga Pro data.
Stocks In Focus
General Motors
- General Motors Co. (NYSE:GM) was 0.63% lower in premarket on Friday after it faced a $7.1 billion loss from electric vehicle investments.
- Benzinga’s Edge Stock Rankings shows that GM maintains a stronger price trend over the short, medium, and long term, with a moderate quality ranking. Additional information is available here.
Rio Tinto
- Rio Tinto PLC ADR (NYSE: