(Editor’s note: The future prices of benchmark tracking ETFs, the lede, and the headline were updated in the story. Figures from economic reports were added.)
U.S. stock futures declined on Friday following the release of key economic data. Futures of all the major benchmark indices ticked lower.
The U.S. economy slowed sharply at the end of 2025, with gross domestic product growing at a 1.4% annualized rate in the fourth quarter, according to advance estimates from the Bureau of Economic Analysis. That marked a significant deceleration from the previous quarter’s 4.4% pace and fell well short of economists’ expectations for 3% growth.
Inflation pressures also edged higher as the headline Personal Consumption Expenditures (PCE) price index rose to 2.9% year over year in December, up from 2.8% in November.
Meanwhile, President Donald Trump on Thursday warned Iran it must strike a deal on its nuclear program within 10 to 15 days or face “really bad things,” prompting Tehran to threaten retaliation against U.S. bases across the Middle East if it is attacked.
The 10-year Treasury bond yielded 4.07%, and the two-year bond was at 3.47%. The CME Group’s FedWatch tool‘s projections show markets pricing a 94% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
| Index | Performance (+/-) |
| Dow Jones | -0.21% |
| S&P 500 | -0.27% |
| Nasdaq 100 | -0.37% |
| Russell 2000 | -0.57% |
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, reversed course to trade lower in the premarket session on Friday. The SPY was down 0.32% at $686.26, while the QQQ slipped 0.48% to $600.60.
Stocks In Focus
Dropbox
- Dropbox Inc. (NASDAQ:DBX) fell 4.16% in premarket on Friday despite posting better-than-expected fourth-quarter earnings. The company also said it sees FY2026 sales of $2.485 billion to $2.500 billion, versus market estimates of $2.494 billion.
- DBX maintains a weaker price trend over the long, short, and medium terms, …