Stock Market Today: Futures Tick Higher After Dow Sets Closing Record; S&P 500 on Pace for 8th Straight Week of Gains

Stock futures in the U.S. opened slightly higher on Friday, following the Dow Jones Industrial Average’s record close the previous day. The S&P 500 is poised for its eighth straight week of gains, despite mixed signals from global markets. Futures for the Dow, S&P 500, and Nasdaq 100 were up 0.3%, 0.2%, and 0.2%, respectively, in early trading. Yesterday, the Dow rose about 275 points to a record close, while the S&P 500 and Nasdaq Composite also finished higher. Nvidia shares slipped despite strong earnings and a positive outlook, though they recovered slightly in premarket trading. Other Magnificent Seven stocks showed minimal movement. Oil prices advanced on Friday, with West Texas Intermediate futures up 2.1% to $98.40 per barrel and Brent crude rising 2.7% to $105.35. The gains followed reports of stalled U.S.-Iran peace talks. Meanwhile, the 10-year Treasury yield dropped two basis points to 4.55%, though it had reached a near-year-high of 4.69% earlier this week. Gold futures fell 0.6% to $4,515 per ounce, while Bitcoin remained flat at $77,100. The U.S. dollar index edged up 0.1% to 99.32. Stocks like Estée Lauder surged 10% after abandoning a bid for Puig, and IMAX jumped 9% on reports of a potential sale. Post-earnings movers included Workday (+9.5%), Zoom (+6.5%), Ross Stores (+5.5%), and Take-Two Interactive Software (+5%).