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U.S. stock futures ticked down Friday after investors looked to regain more ground from this week’s selloff.
Futures for the Dow Jones Industrials dipped 49 points, or 0.1%, to 39,552.
Futures for the S&P 500 index slid 11.5 points, or 0.2%, at 5,336.75
Futures for the NASDAQ fell 52.5 points, or 0.3%, to 18,472.75.
Paramount Global climbed more than 6% after posting adjusted earnings that trounced estimates and announcing it’s cutting 15% of its U.S. workforce. E.l.f. Beauty slipped about 9% after posting cautious guidance.
The S&P 500 advanced 2.3% to end Thursday, posting its best session since November 2022, while the 30-stock Dow surged roughly 683 points, or nearly 1.8%. The tech-heavy NASDAQ Composite added 2.87%.
Investors have been attempting to revive the market’s momentum this year after Monday’s steep global sell-off, which was sparked by last Friday’s disappointing U.S. payrolls data, concerns about the Federal Reserve’s rate-cutting timeline and the unwinding of the Japanese yen carry trade.
Investors seem to have bought the dip, deeming the pullback to be a fairly healthy correction.
In Japan, the Nikkei 225 gained 0.6% Friday, while in Hong Kong, the Hang Seng index hiked 1.2%.
Oil prices captured 43 cents to $76.62 U.S. a barrel.
Gold prices gained $2.70 to $2,466.00
