US stock futures mixed as S&P 500, Nasdaq head for weekly losses
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓US stock futures traded slightly higher on Friday, October 16, as investors assessed concerns around artificial intelligence trade financing.
- ✓While the Dow gained, the S&P 500 and Nasdaq remained on track for weekly losses.
- ✓Many investors now look ahead to a busy week of corporate earnings from Netflix and Tesla.
Story at a Glance
- Category
- MARKET
- Reported By
- CNBC TV18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
US stock futures traded slightly higher on Friday, October 16, as investors assessed concerns around artificial intelligence (AI) trade financing and looked ahead to a fresh batch of corporate earnings next week.
However, the S&P 500 and Nasdaq remained on track to end the week lower following a sell-off in semiconductor stocks earlier in the week.
Futures tied to the S&P 500 rose 0.2%, while Dow Jones Industrial Average futures gained around 0.3%. Nasdaq-100 futures edged slightly lower, with contracts for the three major indexes mixed in early trading.
On Thursday, all three major US stock indexes closed higher. For the week, however, the S&P 500 and Nasdaq were headed for losses, while the Dow was on track to gain around 1%.
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CNBC TV18
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