U.S. stock futures traded mixed early Friday, after investors shifted from artificial intelligence (AI) stocks to other categories in the broader market following 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) were down 0.21%, while futures tied to the S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA) were up 0.03% and 0.29%, respectively, at 4:14 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.
Meanwhile, shares of chip company Broadcom (AVGO) were down 4.1% in Friday’s pre-market trading despite reporting better-than-expected earnings for the fourth quarter of Fiscal 2025. Meanwhile, AI stocks, including Oracle, Nvidia (NVDA), and CoreWeave (CRWV), continued to trend lower today. Also, Lululemon (LULU) stock rallied 10% after the athleisure company announced better-than-expected Q3 results and CEO departure.
Turning to economic releases, investors await a slate of Fed speeches that could provide key insights into the U.S. economy.
The U.S. 10-year Treasury yield was up, floating near 4.168%. WTI crude oil futures were trending higher, hovering near $58.05 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price increased to nearly $4,312 per ounce.
Elsewhere, European indexes opened higher today as record sessions for two major U.S. indexes boosted investor sentiment.
Asia-Pacific Markets Close Higher
Asia-Pacific markets closed higher following new records touched by the Dow Jones and the S&P 500, as well as the recent 25-basis-point interest rate cut by the U.S. Federal Reserve.
Hong Kong’s Hang Seng Index closed 1.75% higher. In China, the Shanghai Composite rose 0.41%, while the Shenzhen Component was up 0.84%. Meanwhile, Japan’s Nikkei gained 1.37%, and the Topix rose 1.98%.
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