U.S. stock futures were tilting south on Friday with technology set to lead with losses after disappointing Snap results, though the week was set to deliver strong gains for major indexes,
How are stock-index futures trading? On Thursday, the Dow industrials DJIA climbed 162.06 points, or 0.5%, to 32,036.90, the S&P 500 SPX gained 1% to 3,998.95 and the Nasdaq Composite COMP rose 1.4% to 12,059.61. It marked the third straight session of gains for the S&P 500 and Nasdaq and the highest levels in six weeks for all three indexes.
What’s driving markets? While all three indexes were looking at strong weekly gains — the Nasdaq was up 5.3% as of Thursday — disappointing results from Snapchat parent Snap SNAP were threatening to derail some of that earnings optimism. Those shares were down 27% ahead of Friday’s open after the company revealed weak digital advertising, hinted at cost cuts and didn’t provide a forecast.
Verizon VZ , American Express AXP and Schlumberger SLB will also report Friday. Next week will see some of the biggest tech names on Wall Street report, including Microsoft MSFT , Meta, Apple AAPL and Amazon AMZN , along with Boeing BA , McDonald’s MCD and Caterpillar CAT .
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ForbesTech - 🏆 318. / 59 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »