Nasdaq futures experienced an uptick on Friday, following a decline in major indexes the previous day, as both oil prices and 10-year Treasury yields retreated. Futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 indicated increases of 0.4%, 0.2%, and 0.2%, respectively, approximately one hour prior to the market’s opening. The tech-focused Nasdaq Composite, blue-chip Dow, and benchmark S&P 500 entered Friday down a respective 1.5%, 0.8%, and 0.7% this week. Yesterday, the major stock indexes concluded the trading session with significant declines, as the Dow experienced a drop of 500 points. This downturn was largely influenced by a sell-off in shares of Tesla and Google parent Alphabet, driven by apprehensions regarding AI expenditure. Additionally, Brent crude futures surpassed the $100 per barrel mark for the first time in two months.

After a decline of nearly 15% yesterday, which positioned it as a leading decliner in both the S&P 500 and Nasdaq, Tesla shares indicated a 1% increase prior to the market opening on Friday. Alphabet stock ticked higher after falling 7% yesterday. All of their fellow Magnificent Seven members bounced back mildly from losses except for Nvidia, which ticked further lower. Shares of Intel were up 4% Friday, a day after the company posted profit and revenue that blew past analysts’ estimates. So did Tenet Healthcare, whose stock soared 24%. Several notable companies reported results before the bell, including American Express and Verizon Communications, whose shares rose more than 1% apiece. Investors were processing the announcement that the U.S. has implemented new tariffs ranging from 10% to 12.5% on over 60 trading partners, affecting more than 99% of U.S. imports, with the changes taking effect shortly after midnight.

The new duties supplanted a global 10% tariff that was implemented following the Supreme Court’s decision to invalidate President Donald Trump’s “reciprocal” tariffs on February 20. A day after global benchmark Brent crude futures crossed the $100-a-barrel threshold for the first time since May, they retreated 2.9% to $97.75 in recent trading. West Texas Intermediate futures, the U.S. benchmark, declined by 2.4% to $90. Still, Brent and WTI futures have increased by 11% and 8.5% respectively this week. Also slipping was the 10-year Treasury yield, which recently stood below 4.69%, down one basis point from Thursday’s close. The yield, which impacts interest rates on various consumer loans including mortgages, reached its highest level since January 2025 at nearly 4.72% yesterday, driven by inflation concerns as petrol prices have risen above $4 a gallon.

According to the CME Group’s FedWatch tool, traders are currently assigning a 29% probability to a Federal Reserve rate hike at its upcoming meeting, an increase from approximately 13% just a week prior. Furthermore, there is now a 77% likelihood of at least a quarter-percentage-point rate hike at the September meeting, rising from 58% in the previous week. Bitcoin was trading around 65,000, slightly higher over the past 24 hours. The U.S. dollar index, which monitors the value of the greenback relative to a selection of foreign currencies, declined to 101.33. Gold futures increased by 0.4%, reaching $4,065 per ounce.