U.S. equity futures moved higher on Friday, with technology contracts rebounding after concerns over OpenAI’s revenue outlook briefly pressured artificial intelligence-related shares. The recovery helped stabilize sentiment in a market that has been highly sensitive to signs of momentum in the AI sector.
At 4:11 p.m. (Bangkok Time), futures tied to the S&P 500 gained 0.41%, while Nasdaq 100 futures rose 0.86%. Dow Jones Industrial Average futures were ahead by 0.17%.
The move followed a volatile session for technology stocks on Thursday. A Financial Times report said OpenAI’s annualized revenue had reached $50 billion, falling $20 billion below estimates. Later, Bloomberg reported that the company expects annualized revenue to meet or surpass $70 billion by year-end, easing concerns that enthusiasm around AI spending may be weakening.
Corporate developments also drew investor attention. SpaceX shares advanced 2% in after-hours trading after the rocket company disclosed an agreement to acquire a nationwide spectrum portfolio. Shares of AT&T, Verizon and T-Mobile declined as traders assessed whether the transaction could increase competitive pressure.
Lower energy prices provided additional support for equities. Brent crude, the global oil benchmark, fell 1.54% to $102.67 a barrel on Friday, while U.S. West Texas Intermediate slid 1.26% to $90.34.
In earnings, Delta Air Lines is scheduled to report third-quarter results before the market opens. Investors are watching the airline’s performance as elevated fuel costs pressure profit margins across the sector. Delta’s release comes ahead of the unofficial start of earnings season next Tuesday, when major Wall Street banks begin reporting.
Markets will also receive the University of Michigan’s latest consumer sentiment survey, offering a read on how recent oil-market volatility has affected household confidence.
