Stock futures were falling early Friday as investors continued to contend with several concerns, including geopolitical risks and tech sector weakness.
Dow Jones Industrial Average futures were falling 87 points, or 0.2%, futures on the S&P 500 were down 0.3%, while Nasdaq 100 futures fell 0.4%. Continued weakness among the Magnificent 7 group of stocks contributed to the decline, with Apple the only member rising ahead of the open. Nvidia fell 1%, while Meta Platforms and Alphabet were both around 0.5% down.
The Dow jumped 1.1%, or 462 points Thursday, while the S&P 500 notched its fourth consecutive daily gain with a rise of 0.5%. It wasn’t an entirely straightforward day as the initial reaction to Nvidia’s quarterly earnings made gains harder to come by earlier in the session. The tech-heavy Nasdaq Composite only closed marginally higher.