Stocks Down Slightly After Massive Gains Thursday



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