U.S. stock futures traded mixed on Friday morning, after investors continued to shift to value stocks from artificial intelligence (AI) plays in reaction to Oracle’s (ORCL) fiscal second-quarter results. The database software and cloud computing company missed revenue expectations and sparked concerns about elevated AI spending. Futures on the Nasdaq 100 (NDX) and the S&P 500 (SPX) were down 0.49% and 0.09%, respectively, while futures tied to the Dow Jones Industrial Average (DJIA) were up 0.21% at 8:21 a.m. EST on December 12.
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During Thursday’s regular trading session, the Dow Jones and the S&P 500 rose 1.34% and 0.21%, respectively, reaching record highs. Meanwhile, the Nasdaq Composite fell 0.26% as investors moved away from high-flying technology stocks.
Turning to trending stocks, shares of chip company Broadcom (AVGO) were down 6.2% in Friday’s pre-market trading despite reporting better-than-expected earnings for the fourth quarter of Fiscal 2025. Meanwhile, AI stocks, including Oracle, Micron Technology (MU), and CoreWeave (CRWV), continued to trend lower today, as of writing. Meanwhile, Lululemon (LULU) stock rallied 10% after the athleisure company announced better-than-expected Q3 results and its CEO’s departure.
Also, Tilray (TLRY) stock rallied 29% while Canopy Growth (CGC) shares jumped 23% following reports that President Donald Trump will significantly ease federal restrictions on marijuana.
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