Equities appeared poised for a subdued opening on Friday morning, following a holiday break for Christmas observed by traders. In the interim, gold and silver have achieved their most recent peaks. Futures linked to the Dow Jones Industrial Average and S&P 500 indicated declines of 0.2% and 0.1%, respectively, whereas Nasdaq 100 futures experienced a slight decrease. On Wednesday, the blue-chip Dow, benchmark S&P 500, and tech-heavy Nasdaq recorded their fifth consecutive session of gains, with the S&P 500 reaching a new intraday peak and a second straight closing record, while the Dow came within 0.2% of its own intraday record and also notched a closing high.
Gold and silver futures reached their most recent all-time highs on Friday, climbing to $4,561 and $75.84 per ounce, respectively. In recent trading, gold rose 0.8% to $4,540, while silver surged nearly 4% to $74.40. The 10-year Treasury yield, a key determinant of interest rates across various commercial and consumer loans, increased to approximately 4.14%, up from Wednesday’s close of 4.13%.
Bitcoin was trading around 88,600, up from an earlier low of about 86,900. The U.S. dollar index, which tracks the greenback against a basket of foreign currencies, edged higher to 98.05. West Texas Intermediate futures, the U.S. crude oil benchmark, climbed to $58.45 per barrel.
Nike shares ticked up less than 1% in premarket trading after jumping 4.6% on Wednesday, the strongest performance within the S&P 500 and Dow, following a regulatory filing that revealed Apple CEO Tim Cook purchased nearly $3 million worth of shares. Nvidia shares advanced 0.6% before the bell; on Wednesday, AI chip designer Groq announced a licensing agreement with Nvidia for inference technology, with reporting the asset deal was valued at $20 billion in cash.