U.S. stock futures showed a mixed pattern on Friday following a rotation from technology stocks into value and cyclical sectors on Wall Street, which sent the Dow Jones Industrial Average to fresh record highs.
As of 4:13 P.M. (GMT+7), Dow Jones Industrial Average futures added 0.21%, or 104.50 points, to 48,808.50 points, positioning the blue-chip gauge to extend its all-time closing high. S&P 500 futures slipped by 0.09%, or 6.30 points, to 6,894.70 points, while the Nasdaq 100 futures fell by about 0.40%, or 103.40 points, to 25,583.30 points.
Nonetheless, all three major U.S. indexes are poised for weekly gains as investors digest signals about the Federal Reserve’s policy direction into 2026.
Thursday’s session saw investors move away from high-growth AI-related stocks after the Fed delivered its third interest-rate cut of the year on Wednesday. The Nasdaq Composite lagged, dragged down by tech names including Oracle, which slumped following its earnings report that reignited concerns around AI-driven growth. Other major technology stocks like Google and Nvidia also lost ground.
The sector trend looks set to persist as Broadcom’s sales outlook disappointed those looking for a stronger AI-driven boost. Stock price of the chipmaker fell around 4% to $390.10 in premarket trading, following unsettling comments from its CEO to analysts, despite 4Q earnings topping estimates and the company forecasting a doubling in AI chip revenue.
