Editor’s Note: The future prices of benchmark tracking ETFs, the lede and the headline were updated in the story.
U.S. stock futures fluctuated on Friday following Thursday’s positive close. Futures of major benchmark indices were mixed.
On Thursday, chip stocks were standout performers after Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) posted a record quarter. Financials also rallied, as Goldman Sachs Group Inc. (NYSE:GS) rose over 4% on strong fourth-quarter profits and Morgan Stanley (NYSE:MS) jumped nearly 6% on upbeat results.
Meanwhile, the 10-year Treasury bond yielded 4.17%, and the two-year bond was at 3.56%. The CME Group’s FedWatch tool‘s projections show markets pricing a 95% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.
| Index | Performance (+/-) |
| Dow Jones | -0.03% |
| S&P 500 | 0.12% |
| Nasdaq 100 | 0.43% |
| Russell 2000 | 0.10% |
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 0.12% at $693.06, while the QQQ advanced 0.36% to $624.03.
Stocks In Focus
Chevron
- Chevron Corp. (NYSE:CVX) was 0.51% higher in premarket on Friday as the company, along with its partners have reached a final investment decision to expand the Leviathan reservoir’s production capacity, aiming to deliver approximately 21 billion cubic meters of natural gas annually to Israel, Egypt, and Jordan by the end of the decade.