Nasdaq Futures Updates

Nasdaq Futures indicated a lower opening following a week of significant volatility, during which major indexes concluded sharply higher, highlighted by the Dow Jones Industrial Average exceeding the 50000 mark for the first time. Futures for the Nasdaq 100, S&P 500, and Dow indicated declines of 0.3%, 0.2%, and 0.1%, respectively. Major indexes experienced a significant rebound on Friday, following a decline in equities driven by risk-off sentiment. The blue-chip Dow, benchmark S&P 500, and tech-heavy Nasdaq all surged by at least 2%. The Dow surged over 1,200 points, breaking a three-week decline, while the Nasdaq continued its downward trend for a fourth consecutive week, and the S&P 500 experienced a decline for the third time in four weeks.

Shares of AI darling Nvidia and construction-equipment maker Caterpillar powered the Dow on Friday with gains of 8% and 7%, respectively, but pointed less than 1% lower apiece before the bell. Amazon stock, which sank more than 5.5% to lead Dow decliners Friday following a disappointing earnings report, ticked lower. U.S.-listed shares of Danish pharmaceutical company Novo Nordisk rose 5.5%, while Hims & Hers Health stock experienced a decline of 18% following the announcement that it had “decided to stop offering access” to its copycat version of the former’s Wegovy weight-loss pill. Elsewhere, Kroger stock advanced 4.5% on a report that the grocery giant planned to name former Walmart executive Greg. Foran its new CEO, U.S.-listed shares of Switzerland-based semiconductor firm STMicroelectronics surged 7% following an expanded partnership with Amazon Web Services.

Bitcoin was trading at approximately $69,100, a decline from its overnight peak exceeding $72,200. The largest cryptocurrency experienced significant volatility on Friday, dropping to slightly above $60,000 before recovering to exceed $70,000. Shares of crypto-tied stocks MARA Holdings, Strategy, and Coinbase Global experienced declines of approximately 2% to 4% following notable increases of 22%, 17%, and 13% on Friday, respectively. Gold futures increased by 1% to $5,035 an ounce, although this figure remains significantly below the peak of approximately $5,625 reached on January 29. Silver futures increased by 4%, surpassing $80 per ounce, significantly below their peak of approximately $121.75 reached on the same date.

The yield on the 10-year Treasury, which influences interest rates across various consumer loans such as mortgages, increased to 4.23% from Friday’s closing figure of just below 4.22%. West Texas Intermediate crude futures, the U.S. benchmark, increased by 0.4% to $63.85 a barrel. The U.S. dollar index, which monitors the value of the greenback relative to a selection of global currencies, experienced a decline of 0.4%, settling at 97.23.