Futures indicated an upward trajectory on Friday, following a decline in major indexes the previous day, which was characterized by a risk-off sentiment. Nevertheless, the Nasdaq and S&P 500 appeared set to record significant weekly declines. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average exhibited increases of 0.8%, 0.7%, and 0.6%, respectively. Yesterday, the tech-heavy Nasdaq and benchmark S&P 500 experienced their third consecutive day of losses, declining by 1.6% and 1.2%, respectively. Meanwhile, the blue-chip Dow Jones Industrial Average concluded the day down 1.2%, equating to nearly 600 points.

The Nasdaq and S&P 500 concluded Friday with declines of 4% and 2% for the week, respectively, whereas the Dow experienced a modest increase. The Nasdaq, which was on track for its most significant weekly decline since last April, along with the Dow, has experienced a downturn over the past three weeks. In contrast, the S&P 500 managed to break a two-week losing streak last Friday. Amazon stock sank 7% in premarket trading following a disappointing earnings report after the bell yesterday. Shares of its Magnificent Seven brethren were mixed, with Nvidia and Tesla leading gainers with advances of roughly 3% and 2%, respectively. Microsoft, the biggest decliner of the group Thursday with a 5% drop, was nearly 2% higher before the bell, and

Another notable tech company, Qualcomm, rebounded mildly after its stock sank 8.5% yesterday, as executives attributed the firm’s soft current-quarter forecasts to the global memory shortage. Shares of “Big Three” automaker Stellantis plummeted 27% before the bell after it announced a business “reset” that includes a roughly $26 billion charge. In post-earnings moves, shares of Roblox surged 15% and Reddit increased by 10%, while Coty stock experienced a decline of 8%. Bitcoin experienced a significant decline yesterday, dropping to just above $60,000 overnight before staging a recovery. It recently traded around 65,800, but still was down about 15% this week and at its lowest level since October 2024. Shares of bitcoin treasury firm Strategy rose 6% before the bell after a significant decline of 17% that positioned it among the Nasdaq decliners yesterday. Meanwhile, crypto-related firms MARA Holdings, Coinbase Global, and Robinhood Markets experienced respective rebounds of 7.5%, 6%, and 5.5%.

Silver futures declined by 3% to approximately $74 an ounce, significantly below their peak of around $121.75 on January 29. Meanwhile, gold futures, which had risen to about $5,625 an ounce on the same day last week, increased slightly to $4,900. The yield on the 10-year Treasury, which influences interest rates across various consumer loans such as mortgages, increased to 4.20% from the previous closing rate of 4.18% on Thursday. West Texas Intermediate crude futures, the U.S. benchmark, exhibited minimal variation at $63.35 a barrel. The U.S. dollar index, which monitors the value of the greenback relative to a selection of global currencies, remained relatively unchanged at 97.83.