On Friday, Nasdaq futures experienced a decline, following a significant drop in major indexes the previous day, driven by a downturn in technology shares. Futures linked to the tech-heavy Nasdaq, the benchmark S&P 500, and the blue-chip Dow Jones Industrial Average experienced declines of 1.4%, 0.9%, and 0.6%, respectively. Yesterday, the indices concluded the session down by 2.3%, 1.7%, and 1.7%, with the Dow experiencing a decline of approximately 800 points. On Wednesday evening, President Donald Trump enacted legislation to finance the federal government through January 30, thereby concluding the unprecedented 43-day shutdown, and traders are expressing growing apprehension regarding the ramifications of postponed economic indicators that were not published during the shutdown.
Reports currently reflects a probability of less than 50% for a quarter percentage point reduction in interest rates by the Federal Reserve, a decline from 67% observed last Friday. In addition, investors again seem unsettled by elevated valuations of major technology firms, with shares of Tesla, Palantir Technologies, Arm Holdings, AppLovin, Intel, Nvidia, Advanced Micro Devices, and Broadcom all concluding trading yesterday down approximately 3.5% to 7%, contributing to a decline in the Nasdaq. Tesla shares experienced a decline of approximately 5% in premarket trading, with Palantir, AppLovin, Intel, Nvidia, AMD, Arm, and Broadcom also trending downward as sentiment across the sector weakened.
As technology equities decline and a risk-averse mood prevails, Bitcoin has fallen beneath $95,000, marking its lowest point since early May, and crypto-tied stocks such as MSTR, Robinhood Markets, Coinbase Global, and MARA Holdings experienced a significant decline, as all of them fell sharply yesterday. The yield on the 10-year Treasury note decreased to 4.07%, down from Thursday’s closing rate of 4.11%, while the U.S. dollar index, which monitors the dollar’s performance relative to a selection of foreign currencies, remained relatively stable at 99.20. Gold futures experienced a decline of 1.8%, settling at $4,120 per ounce, and WTI crude futures, the U.S. oil benchmark, experienced an increase of 1.5%, reaching a price of $59.60 per barrel.
Elsewhere, shares of StubHub plummeted 20% after the ticket reseller did not issue current-quarter or fiscal 2026 guidance, while Warner Bros. Discovery stock rose about 3% on a report that Paramount Skydance, Comcast, and Netflix were preparing bids for the media and entertainment company. Applied Materials shares dropped 6% after CEO Gary Dickerson warned on the earnings call that “in 2026, we expect wafer fab equipment spending in China to be lower,” adding to broader concerns surrounding the semiconductor-equipment outlook. Overall, the combination of tech-sector weakness, uncertainty around economic data, and shifting rate expectations continued to weigh on futures and sentiment heading into the final trading session of the week.