Stocks Likely to See Weekly Decline, Despite Friday Futures’ Rise


Stock futures rose Friday after the S&P 500 ended a three-day negative streak, while investors look to end a volatile week on a high note.

Futures for the Dow Jones Industrials gathered 87 points, or 0.2%, to 42.692.

Futures for the much broader index gained 17 points, or 0.3% to 5,866.

Futures for the NASDAQ Composite Index spiked 78 points, or 0.4%, to 20,457.25.

L3Harris shares climbed more than 4% after the defense company exceeded Wall Street’s forecasts when reporting third-quarter earnings. Dexcom tumbled more than 5.5% despite beating expectations on both lines.

Those moves follow a mixed day on Wall Street. The NASDAQ Composite joined the S&P 500 in finishing the session higher, with both lifted by Tesla’s post-earnings rally. Shares of the electric vehicle manufacturer notched their best day in more than a decade as investors cheered the firm’s stronger-than-expected profit and CEO Elon Musk’s expectations for vehicle growth next year.

The major indexes are tracking to finish the week with losses, which would snap six-week win streaks for all three. The Dow has fared the worst with a drop of more than 2% as of Thursday’s close, while the S&P 500 fell 0.9% and NASDAQ have shed 0.4%.

In Japan, the Nikkei 225 slid 0.6% Friday, while in Hong Kong, the Hang Seng gained 0.5%.

Oil prices climbed 71 cents to $70.90 U.S. a barrel.

Gold prices sagged $10.40 to $2,738.50.



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