Nasdaq futures indicated a modest uptick, concluding a week characterized by significant declines in major equity indexes, driven by apprehensions regarding AI expenditure and the valuations of large technology companies. Concurrently, the price of bitcoin persisted in its downward trajectory, reflecting a risk-averse market sentiment. Futures linked to the Nasdaq increased by 0.1% following a decline of 2.2% in the tech-heavy index yesterday, whereas those related to the S&P 500 saw a rise of 0.2% after the benchmark index closed down by 1.6% yesterday. The entities linked to the Dow Jones Industrial Average experienced a rise of 0.5% following a significant decline, as the blue-chip index relinquished an initial 700-point gain on Thursday, ultimately closing down nearly 400 points, or 0.8%.

Futures had been indicating a predominantly downward trend until New York Fed President John Williams, in his prepared remarks for a conference in Chile, suggested that he could endorse an additional rate cut by the central bank “in the near term,” according to reports. Nonetheless, all three indexes appeared set to conclude the week with significant declines, as the S&P 500 and Nasdaq were on track for their most substantial weekly losses since April. Yesterday, stocks experienced a sell-off, with Nvidia shares declining by 3.2% despite the AI darling reporting impressive third-quarter results and providing optimistic guidance after the market closed on Wednesday. The shares of the world’s most valuable company experienced a decline of less than 1% in premarket trading.

Bitcoin experienced a continued decline, reflecting a risk-off sentiment in the market, reaching a low of approximately $80,600—marking its lowest point since April 11—after peaking overnight at over $88,000. The largest cryptocurrency was recently observed trading at approximately $82,800. Crypto-tied stocks Robinhood Markets, Coinbase Global, Strategy, and MARA Holdings all experienced declines following a drop the previous day. The yield on the 10-year Treasury note decreased to 4.05%, down from Thursday’s closing rate of approximately 4.10%. The yield declined yesterday following a mixed U.S. jobs report, which failed to clarify the Federal Reserve’s quandary regarding a potential cut to its key interest rate in December. The U.S. dollar index, which monitors the dollar’s performance relative to a selection of foreign currencies, remained relatively stable at 100.21. WTI crude futures, the U.S. oil benchmark, experienced a decline of 1%, settling at $58.40 per barrel. Gold futures declined to $4,055 per ounce.

One bright spot Thursday was Walmart, whose shares jumped 6.5% to lead the S&P 500 and Dow after it reported better-than-expected third-quarter results and raised its fiscal 2026 outlook. Shares of the world’s largest retailer, which also announced a transition of its stock listing to the Nasdaq from the New York Stock Exchange, experienced an increase of 0.6% prior to market opening. In other corporate developments, shares of Gap, Intuit, and Ross Stores experienced increases of 5.5%, 3.5%, and 3%, respectively, following their earnings reports released after market close on Thursday. BJ’s Wholesale Club shares experienced a 2% increase following the announcement of a profit exceeding expectations and an upward revision of its full-year adjusted earnings forecast prior to the market opening.