U.S. stock futures trended lower on Friday morning ahead of the key Personal Consumption Expenditures (PCE) index and a possible ruling by the Supreme Court on President Donald Trump’s tariffs. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were down 0.08%, 0.05%, and 0.07%, respectively, at 8:25 a.m. EST on February 20.
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Trade QQQ with leverageDuring Thursday’s regular trading, the three major averages closed lower amid rising geopolitical tensions. The DJIA and the S&P 500 declined 0.54% and 0.28%, respectively, while the Nasdaq Composite fell 0.31%. Stocks snapped a three-day winning streak for both the S&P 500 and the Dow Jones, with oil prices reaching a six-month high amid escalating U.S.-Iran tensions.
Turning to economic data, traders await key releases, including the fourth-quarter GDP, projected at 2.5% growth following Q3’s stronger-than-expected 4.4% rise. Also, economists forecast a 2.8% annual gain in headline PCE and 3% in core PCE.
Regarding trending stocks, Grail (GRAL) shares plunged about 50% on Friday’s pre-market trading after the company said a trial of one of its drugs missed its primary endpoint and failed to show statistically significant Stage III-IV cancer reduction. In contrast, Opendoor Technologies (OPEN) stock rallied 18% after the residential real estate sales platform reported better-than-expected top-line for Q4 2025.
Also, AppLovin (APP) stock rose 3% in pre-market trading after Bloomberg reported that the mobile ad-tech company is developing plans for its own social media platform.