Equity Index futures dip on tech selling, hold weekly gains.
Equity Index futures traded lower on Friday as technology sector weakness and rising yields weighed on markets, though major indices remained on track for weekly gains. E-mini S&P 500 futures fell more than 0.5% to around 7,570, marking a second consecutive session of declines while holding above an intraday low of 7,519. Earnings reactions, including a reversal in Cisco shares, alongside hawkish Federal Reserve commentary ahead of December's policy meeting lifted short-term Treasury yields and pressured equities. Meanwhile, E-mini Nasdaq-100 futures dropped about 1.4% while E-mini Dow futures hovered near flat as defensive rotation supported industrial names.
Equity Index futures traded lower on Friday as technology sector weakness and rising yields weighed on markets, though major indices remained on track for weekly gains. E-mini S&P 500 futures fell more than 0.5% to around 7,570, marking a second consecutive session of declines while holding above an intraday low of 7,519. Earnings reactions, including a reversal in Cisco shares, alongside hawkish Federal Reserve commentary ahead of December's policy meeting lifted short-term Treasury yields and pressured equities. Meanwhile, E-mini Nasdaq-100 futures dropped about 1.4% while E-mini Dow futures hovered near flat as defensive rotation supported industrial names.