Dow Looks to End Long Skid - InvestingChannel

Dow Looks to End Long Skid

Stock futures were higher Friday morning following a losing session on Wall Street.

Futures for the Dow Jones Industrial average grabbed 55 points, or 0.1%, to 44,032.

Futures for the S&P 500 moved up 21.75 points, or 0.4%, to 6,082.50

Futures for the tech-heavy NASDAQ pumped higher 179.25 points, or 0.8%, to 21,830.50.

Broadcom gained more than 17% after posting fiscal fourth quarter adjusted earnings that beat estimates and reporting that artificial intelligence revenue soared 220% for the year. Micron, Nvidia and AMD followed Broadcom higher in early trading.

The moves come on the heels of a losing session on Wall Street. The 30-stock Dow dropped 234 points, or about 0.5%, falling for a sixth consecutive day and marking its longest losing streak since April. The NASDAQ Composite fell nearly 0.7% and broke below the 20,000 mark as technology stocks such as Nvidia slumped, while the S&P 500 edged down about 0.5%.

For the week, the Dow is heading for a 1.6% decline, while the S&P 500 is on pace for slide of 0.6%. The NASDAQ has outperformed, on track for a 0.2% advance for the period.

Friday marks a light day for economic data, with November import and export data due out.

In Japan, the Nikkei 225 dropped 1% Friday, while in Hong Kong, the Hang Seng subtracted 2.1%

Oil prices gained 25 cents to $70.27 U.S. a barrel.

Gold prices slid $21.70 to $2,687.70 U.S. an ounce.

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