U.S. stock futures moved sideways on Friday, pausing two sessions of gains amid renewed uncertainty over technology sector prospects. Intel’s disappointing earnings and outlook weighed on sentiment, while investors also responded to President Trump’s retreat from trade tensions concerning Greenland.
As of 4:42 P.M. (GMT+7), Dow Jones Industrial Average futures slipped by 0.19%, or 93.20 points, to 49,290.80 points, while S&P 500 futures ticked down by 0.20%, or 13.80 points, to 6,899.60 points. Nasdaq 100 futures also fell slightly by 0.34%, or 86.90 points, to 25,431.40 points.
The muted movement followed strong gains in the previous session, as optimism returned after President Donald Trump reversed plans for new tariffs on European nations. Trump announced a framework agreement with NATO on Greenland, contributing to Thursday’s upward momentum. All three main indexes—the Dow, S&P 500, and Nasdaq Composite—recorded notable advances in the prior session.
Economic indicators also further buoyed market confidence. Third-quarter U.S. GDP growth was revised upward to 4.4%; weekly unemployment claims stayed close to 200,000; core inflation matched forecasts; and consumer spending remained steady.
Shares of Intel experienced significant downward pressure, falling over 10%. The chipmaker reported an unexpected quarterly loss, issuing weak guidance and failing to capitalize on growing demand for artificial intelligence-related data center chips. These results stirred fresh concerns about Intel’s efforts to engineer a business turnaround and dampened appetite for technology shares across the board.
Meanwhile, gold logged its first-ever climb above $4,900 per ounce and maintained an upward trend into Friday. With increased preference for safe-haven assets, Goldman Sachs projected that gold could reach $5,400 by the year’s end.
While recent market gains allowed the Dow to recoup previous losses and close slightly higher for the week, the S&P 500 and Nasdaq Composite remained on pace to register weekly declines of 0.4% and 0.3%, respectively.
