Editor’s Note: Future prices for benchmark-tracking ETFs and indices have been updated.
U.S. stock futures declined on Friday after major benchmark indices posted their second consecutive day of gains on Thursday.
This comes amid President Donald Trump withdrawing his tariffs against the European Union, following a framework agreement regarding expanded U.S. access to Greenland.
Besides this, U.S. Final GDP figures for the third-quarter stood at 4.4%, ahead of estimates at 4.3%, according to data released by the Bureau of Economic Analysis. The Personal Consumption Expenditures (PCE) price index expanded 2.8% year-over-year, in line with estimates, with Core PCE at 2.8%.
Meanwhile, the 10-year Treasury bond yielded 4.23%, and the two-year bond was at 3.60%. 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 | -0.39% |
| S&P 500 | -0.16% |
| Nasdaq 100 | -0.23% |
| Russell 2000 | -0.27% |
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 0.19% at $688.98, while the QQQ was down 0.26% at $620.76.
Stocks In Focus
Capital One Financial
- Capital One Financial Corp. (NYSE:COF) shares are sliding in pre-market trade, down 3.31%, following the company’s fourth-quarter results on Thursday, when its earnings fell short of analyst consensus estimates.
- The stock has a strong price trend in the Medium and Long terms, and is ranked moderately well on Momentum …