Stock Market Today: Dow Futures, S&P 500 Futures Slump Even as Trump Says US Is Doing 'Great'—Netflix, Coca-Cola, Nebius in Focus

U.S. stock futures declined on Friday, as the Dow Jones, Nasdaq 100, and S&P 500 indices fell, following Thursday’s lower close.

The Nasdaq 100 index plunged by 1.62% on Thursday amid a sell-off in tech stocks.

Shares of Micron Technology Inc. (NASDAQ: MU ) and Advanced Micro Devices Inc. (NASDAQ: AMD ) both fell by more than 5% each.

On Thursday night, President Donald Trump aggressively praised domestic economic progress during an impromptu primetime address, declaring that the U.S. is enjoying unprecedented global investment and has become “the hottest country anywhere in the world.” Trump asserted the nation is doing “great” with historic employment figures.

Meanwhile, the 10-year Treasury bond yielded 4.53%, and the two-year bond was at 4.12%.

The CME Group’s FedWatch tool’s projections show markets pricing an 89.8% likelihood of the Federal Reserve leaving the current interest rates unchanged during July’s meeting.

Index Performance (+/-) Dow Jones -0.60% S&P 500 -1.05% Nasdaq 100 -2.15% Russell 2000 -0.80% The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ), which track the S&P 500 and Nasdaq 100, respectively, were lower in premarket on Friday.

The SPY was down 0.94% at $743.70, while the QQQ declined by 1.99% to $691.92.

Read Also: ASTS Punished Over 1.5% Dilution? Shay Boloor Bought the Dip, Calls Fundraise 'Completely Misunderstood' Stocks In Focus Netflix Netflix Inc. (NASDAQ: NFLX ) tumbled 8.92% in premarket on Friday after reporting mixed second-quarter financial results on Thursday after the market closed and issuing weak guidance for the third quarter. ’s Edge Stock Rankings indicate that NFLX maintains a weak price trend in the short, long, and medium terms, with a solid quality score.

Intuitive Surgical Intuitive Surgical Inc. (NASDAQ: ISRG ) dropped 9.28% despite posting better-than-expected second-quarter results after Thursday’s closing bell. ’s Edge Stock Rankings indicate that ISRG maintains a weak price trend in the short, long, and medium terms, with a good growth score.

Nebius Group Nebius Group NV (NASDAQ: NBIS ) declined 4.09% as investors assessed its new asset-light data center partnership model and raised questions due to a lack of detailed information on partners and financial projections. ’s Edge Stock Rankings indicate that NBIS maintains a weak price trend in the short term, but a strong trend in the long and medium terms, with a poor value ranking.

Coca-Cola Coca-Cola Co. (NYSE: KO ) was 0.68% higher despite disclosing a ransomware attack on its Fairlife subsidiary; however, the beverage maker also activated its response plan. ’s Edge Stock Rankings indicate that KO maintains a strong price trend in the long, short and medium terms, with a good growth score.

CoreWeave CoreWeave Inc. (NASDAQ: CRWV ) was down 3.98% as CEO Michael Intrator sold $24.8 million in stock and CFO Nitin Agrawal disposed of 65,055 Class A shares valued at $5.5 million on July 14 and July 13, respectively. ’s Edge Stock Rankings indicate that CRWV maintains a weak price trend in the short, long, and medium terms.

Add article title and URL Cues From Last Session Consumer staples, health care, and real estate stocks recorded the biggest gains on Thursday as most S&P 500 sectors closed on a positive note.

However, communication services and information technology stocks were among the worst performers, dragging the U.S. stock market lower.

Index Performance (+/-) Value Dow Jones -0.20% 52.552,97 S&P 500 -0.51% 7.533,77 Nasdaq Composite -1.47% 25.881,95 Russell 2000 -0.057% 2.974,57 Insights From Analysts Scott Wren, Senior Global Market Strategist at Wells Fargo Investment Institute, highlights a positive forward outlook for the economy and corporate profits.

However, he cautions that the current earnings season faces exceptionally high stakes.

While corporate profits are growing strongly, Wren notes that analyst consensus forecasts have been elevated.

Consequently, he states that “the big question during this earnings reporting season is whether or not companies can outperform very high expectations.” Because institutional investors are heavily focused on unofficial “whisper numbers,” Wren warns that “simply beating consensus estimates… may no longer be enough to result in positive near-term stock performance.” Wren expects heightened market volatility and severe punishment for companies that disappoint.

Under these stringent conditions, he emphasizes that “good results may not be good enough.” Despite these short-term risks, Wren remains optimistic about the broader U.S. economy and advises that “downside volatility during earnings reporting season might provide attractive entry points in our favored sectors,” particularly Technology and Financials.

Upcoming Economic Data Here’s what investors will be keeping an eye on this Friday.

June’s Housing Starts and June’s Import Prices data will be out by 8:30 a.m.

ET.

June’s Industrial Production and Capacity Utilization data will be released by 9:15 a.m., and July’s preliminary University of Michigan Consumer Survey data will be out by 10:00 a.m.

ET.

Commodities, Crypto, And Global Equity Markets Crude Oil WTI futures were trading lower in the early New York session by 0.46% to hover around $79.31 per barrel.

Gold Spot US Dollar rose 0.40% to hover around $3,992.39 per ounce.

The U.S.

Dollar Index spot was 0.05% lower at the 100.7080 level.

Meanwhile, Bitcoin (CRYPTO: BTC) was trading 1.84% lower at $62,737.56 per coin over the last 24 hours.

Asian markets closed mostly lower on Friday, except India’s Nifty 50 index.

Hong Kong’s Hang Seng, China’s CSI 300, Australia’s ASX 200, South Korea’s Kospi, and Japan’s Nikkei 225 indices fell.

European markets were mostly lower in early trade.

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