Investing.com — U.S. stock futures edge up ahead of the final trading day of the week, with investors looking ahead to major tech earnings and a key Federal Reserve interest decision next week. Elsewhere, FTX sues founder Sam Bankman-Fried and U.S. regulators withdraw a case before an in-house judge that was aiming to block the $69 billion merger between Microsoft and Activision Blizzard.
1. U.S. stock futures inch higher
U.S. stock futures pointed up Friday after earnings from Tesla (NASDAQ:TSLA) and Netflix (NASDAQ:NFLX) cast some doubt over a recent rally in tech stocks in the prior session.
At 05:03 ET (09:03 GMT), S&P futures ticked up by 9 points or 0.19%, Dow futures gained 32 points or 0.09%, and Nasdaq 100 futures rose 59 points or 0.38%.
The tech-heavy Nasdaq Composite slipped to its largest one-day decline in over four months on Thursday, dragged down by disappointing results from electric carmaker Tesla and streaming giant Netflix, while the benchmark S&P 500 also lost ground. Enthusiasm for artificial intelligence has contributed heavily to a recent surge in tech stocks that has helped power a jump in stock markets this year.
The broad-based Dow Jones Industrial Average posted its ninth consecutive winning day, its longest streak of increases since 2017, buoyed in part by upbeat profit estimates from Johnson & Johnson. The 30-stock index also climbed to its highest close since March 2022.
2. American Express to report; tech titans ahead
Second quarter earnings season in the U.S. is set to temporarily slow Friday, following a batch of stronger-than-anticipated results from several major companies this week.
Credit card company American Express (NYSE:AXP) will feature on the earnings calendar before the
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