US Futures Edge Higher as Oil Slips and Tech Rebounds
Dow, S&P 500 and Nasdaq-100 futures advanced as Brent crude eased, while traders awaited Delta's results and a consumer-confidence reading.
Key takeaways
- Dow, S&P 500 and Nasdaq-100 futures rose on Friday.
- Brent crude futures declined to $103 per barrel.
US stock futures rose on Friday as oil prices fell and technology stocks rebounded. Dow futures added 0.1%, S&P 500 futures rose 0.3% and Nasdaq-100 futures gained 0.8%.
Brent crude futures, the international benchmark, declined to $103 per barrel. Delta Air Lines was set to report third-quarter results before the opening bell, ahead of major Wall Street banks’ reports next Tuesday.
Tech stocks recovered after reports on OpenAI revenue helped ease concerns about AI demand. The Financial Times reported annualized revenue topped out at $50 billion, while Bloomberg reported the company expects to reach or exceed $70 billion by year-end.
The University of Michigan’s latest consumer sentiment survey was also due, offering a gauge of how oil-market volatility affected confidence.
This article was produced with the help of AI technology. Source: Yahoo Finance
