Futures Edge Higher as AI Names Lead Gains Ahead of Holiday
Stock-index futures moved higher Friday morning. Treasury yields pulled back and that helped big tech again, with traders also watching U.S.-Iran talks and oil ahead of the Memorial Day break. At 4:55 a.m. ET, Dow e-minis were up 151 points, or 0.3%. S&P 500 e-minis gained 23 points, or 0.31%. Nasdaq 100 e-minis were up 148 points, or 0.5%. Naeem Aslam, chief investment officer at Zaye Capital Markets, said geopolitical risk looked “less immediately damaging for sentiment.” Wall Street heads into Friday trading near its highs, not from a low point. The S&P 500 finished Thursday up 0.2% at 7,445.72. The Dow climbed 0.6% to 50,285.66. The Nasdaq Composite ticked 0.1% higher to 26,293.10. Stocks shook off earlier losses as oil prices reversed late.