U.S. stock futures trended higher on Friday morning as markets awaited a possible U.S. Supreme Court decision on President Donald Trump’s tariffs and the jobs report. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.22%, 0.15%, and 0.08%, respectively, at 8:20 a.m. EST on January 9.
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During Thursday’s regular trading, the three major averages closed mixed, as investors pulled back from high-flying tech stocks amid profit-taking and rising concerns over elevated valuations in the AI sector. The Nasdaq Composite dipped 0.44%, primarily weighed down by sharp losses in key chip and software names like Nvidia (NVDA), Palantir (PLTR), and Broadcom (AVGO). Meanwhile, the DJIA climbed 0.55%, buoyed by gains in industrials and financials, and the S&P 500 eked out a negligible gain of less than 0.01%.
Turning to trending stocks, shares of nuclear power companies Vistra (VST) and Oklo (OKLO) rallied 17% and 18%, respectively, after entering into deals to power Meta Platforms’ (META) AI goals. Meanwhile, Intel (INTC) stock was up 3% in Friday’s pre-market trading after Trump praised the chipmaker on social media following his meeting with the company’s CEO Lip-Bu Tan.
Also, Revolution Medicines (RVMD) stock surged more than 13% after the Financial Times reported a potential acquisition by Merck (MRK).
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