US Futures Inch Marginally Higher
2026-07-24 11:54
By
Andre Joaquim
1 min. read
Futures tied to US equity indices inched higher on Friday, holding most of the losses from last session as markets continued to assess the latest earnings and risks of higher interest rates.
Contracts for the S&P 500, and the Nasdaq 100 were marginally above the flatline, while those for the Dow gained 150 points.
Oil and product prices eased but remained sharply higher on the week as escalating strikes between Iran and the US halted tanker flows through the Persian Gulf and Red Sea.
Treasury yields tracked the increase in energy prices as a portion of the market positioned for a Fed hike next week.
Intel shares were 2% up premarket after posting its highest revenue growth in 17 years.
On the other hand, Amex and Verizon lost around 2% each after posting their Q2 results.
The Nasdaq 100 was due to close the week slightly lower amid concerns of AI overspending for hyperscalers.
Tesla dropped 16%, Alphabet lost 9%, and Meta slipped 7% since last Friday.