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Dow Looks to End Long Skid
Stock futures were higher Friday morning following a losing session on Wall Street. Futures for the Dow Jones Industrial average grabbed 55 points, or 0.1%, to 44,032. Futures for the S&P 500 moved up 21.75 points, or 0.4%, to 6,082.50 Futures for the tech-heavy NASDAQ pumped higher 179.25 points, or 0.8%, to 21,830.50. Broadcom gained more than 17% after posting fiscal fourth quarter adjusted earnings that beat estimates and reporting that artificial intelligence revenue soared 220% for the year. Micron, Nvidia and AMD followed Broadcom higher in early trading. The moves come on the heels of a losing session on Wall Street. The 30-stock Dow dropped 234 points, or about 0.5%, falling for a sixth consecutive day and marking its longest losing streak since April. The NASDAQ Composite fell nearly 0.7% and broke below the 20,000 mark as technology stocks such as Nvidia slumped, while the S&P 500 edged down about 0.5%. For the week, the Dow is heading for a 1.6% decline, while the S&P 500 is on pace for slide of 0.6%. The NASDAQ has outperformed, on track for a 0.2% advance for the period. Friday marks a light day for economic data, with November import and export data due out. In Japan, the Nikkei 225 dropped 1% Friday, while in Hong Kong, the Hang Seng subtracted 2.1% Oil prices gained 25 cents to $70.27 U.S. a barrel. Gold prices slid $21.70 to $2,687.70 U.S. an ounce.
Stock futures were higher Friday morning following a losing session on Wall Street.
Futures for the Dow Jones Industrial average grabbed 55 points, or 0.1%, to 44,032.
Futures for the S&P 500 moved up 21.75 points, or 0.4%, to 6,082.50
Futures for the tech-heavy NASDAQ pumped higher 179.25 points, or 0.8%, to 21,830.50.
Broadcom gained more than 17% after posting fiscal fourth quarter adjusted earnings that beat estimates and reporting that artificial intelligence revenue soared 220% for the year. Micron, Nvidia and AMD followed Broadcom higher in early trading.
The moves come on the heels of a losing session on Wall Street. The 30-stock Dow dropped 234 points, or about 0.5%, falling for a sixth consecutive day and marking its longest losing streak since April. The NASDAQ Composite fell nearly 0.7% and broke below the 20,000 mark as technology stocks such as Nvidia slumped, while the S&P 500 edged down about 0.5%.
For the week, the Dow is heading for a 1.6% decline, while the S&P 500 is on pace for slide of 0.6%. The NASDAQ has outperformed, on track for a 0.2% advance for the period.
Friday marks a light day for economic data, with November import and export data due out.
In Japan, the Nikkei 225 dropped 1% Friday, while in Hong Kong, the Hang Seng subtracted 2.1%
Oil prices gained 25 cents to $70.27 U.S. a barrel.
Gold prices slid $21.70 to $2,687.70 U.S. an ounce.
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