U.S. stock futures fell early Friday after the three indexes continued their two-day winning streak, aided by easing geopolitical stress. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were down 0.15%, 0.04%, and 0.05%, respectively, at 3:52 a.m. EST on January 23.
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During Thursday’s regular trading, all three major averages closed higher, with the Dow gaining 0.63%, the S&P 500 adding 0.55%, and the Nasdaq Composite rising 0.91%. Despite the two-day rally, the S&P 500 and the Nasdaq are poised for their second losing week, while the 30-stock Dow has gained less than 0.1% so far.
After the markets closed, Intel (INTC) stock plunged 11% after issuing weaker guidance for the current quarter, which offset its strong results for the December quarter. The news also dragged down shares of other semiconductor companies.
There are no key economic reports scheduled for today.
Investors will focus on earnings reports from notable companies such as Booz Allen (BAH), Schlumberger (SLB), and a slew of regional banks.
Notably, the U.S. 10-year Treasury yield was down, floating near 4.23%. WTI crude oil futures were trending lower, hovering near $59.83 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price increased to nearly $4,923 per ounce on Friday.
Elsewhere, European indexes opened mixed today as traders digested the outcomes of global geopolitical decisions.
Asia-Pacific Markets Trade Higher
Asia-Pacific markets traded higher on January 23 tracking Wall Street gains amid easing trade tensions.
Hong Kong’s Hang Seng Index rose 0.45%. In China, the Shanghai Composite gained 0.33%, while the Shenzhen Component added 1.69%. Meanwhile, Japan’s Nikkei surged 0.29%, and the Topix increased 0.37%.
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