U.S. stock futures fell on Friday following Thursday’s mixed close. Futures of major benchmark indices were lower.
Meanwhile, President Donald Trump, during an appearance at the premiere for the film “Melania,” on Thursday, said that he will name his pick for the Federal Reserve Chair on Friday.
Data from Kalshi, a federally authorized betting platform, shows that over $81.6 million has been bet on the contract “Who will Trump nominate as Fed Chair?” Warsh is currently leading, with 92% probability that he will be nominated as the next Fed Chair, up by 59%.
The 10-year Treasury bond yielded 4.26%, and the two-year bond was at 3.56%. The CME Group’s FedWatch tool‘s projections show markets pricing an 84.7% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
| Index | Performance (+/-) |
| Dow Jones | -0.84% |
| S&P 500 | -0.92% |
| Nasdaq 100 | -1.13% |
| Russell 2000 | -1.51% |
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 0.82% at $688.32, while the QQQ declined 1.05% to $622.80.
Stocks In Focus
Apple
- Apple Inc. (NASDAQ:AAPL) was 0.34% lower despite reporting stronger-than-expected financial results for the first quarter of fiscal 2026 after the market closed on Thursday.
- AAPL maintains a stronger price trend over the long term but a weak trend in the short and medium terms with a solid quality ranking, as per Benzinga’s Edge Stock Rankings.
SanDisk
- SanDisk Corp. (NASDAQ:SNDK) surged 20.53% after posting upbeat results for its second quarter on Thursday. It also announced the extension of its joint venture with Japanese multinational computer memory manufacturer Kioxia Corp. through Dec. 31, 2034.
- Benzinga’s …