US equity futures edge 0.3% higher after week of losses
US equity futures tracking the S&P 500, Dow and Nasdaq 100 inch 0.3% higher, pausing weekly declines as investors weigh higher energy prices, bond yields and inflation concerns.
Futures tracking US equities were slightly higher on Friday, pausing the losses from the week as markets continued to gauge macroeconomic risks from higher energy prices and bond yields.
Contracts for the S&P 500, Dow, and Nasdaq 100 inched 0.3% higher.
Long-dated Treasury yields were at similar levels from before the department announced its higher buyback, although the dollar held its plunge, underscoring the market's concern over high inflation and uncontrolled deficit spending in a period that already has record corporate debt issuance.
Chip producers and AI hyperscalers were muted premarket, holding their sharp losses from the week.
Intel, AMD, and Seagate were set to close the week around 10% down, while Meta and Broadcom were set to lose 7%.
Meanwhile, Walmart was 10% down on the week amid a rare earnings miss released yesterday, denting the company's outlook and sending a pessimistic signal on the US consumer.