US Futures Hold Pullbacks

2026-10-16 11:43 By Andre Joaquim 1 min. read

US stock futures were near the flatline on Friday, set to close the week firmly lower as markets continued to assess the outlook for the AI trade ahead of likely rate hikes by the Federal Reserve.

Contracts for the S&P 500 and Dow were flat, while those for the Nasdaq 100 inched down for a fifth session.

CoreWeave was nearly 5% lower premarket, extending this week's losses to 15% to underscore fresh credit risk flare-ups for AI infrastructure companies.

The sector was recently pressured by relatively tame revenue figures from Anthropic and the outlook for higher interest rates on debt-ridden companies.

Data released this week showed higher consumer inflation and soaring producer prices, both headline and core.

Micron, AMD, and Marvell fell by up to 2.5%.

Meanwhile, Tesla and SpaceX rose 3% and 1.5%, respectively, after Tesla unveiled its Roadster car that uses SpaceX thrusters, spurring merger speculation between CEO Elon Musk's companies.



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US stock futures were near the flatline on Friday, set to close the week firmly lower as markets continued to assess the outlook for the AI trade ahead of likely rate hikes by the Federal Reserve. Contracts for the S&P 500 and Dow were flat, while those for the Nasdaq 100 inched down for a fifth session. CoreWeave was nearly 5% lower premarket, extending this week's losses to 15% to underscore fresh credit risk flare-ups for AI infrastructure companies. The sector was recently pressured by relatively tame revenue figures from Anthropic and the outlook for higher interest rates on debt-ridden companies. Data released this week showed higher consumer inflation and soaring producer prices, both headline and core. Micron, AMD, and Marvell fell by up to 2.5%. Meanwhile, Tesla and SpaceX rose 3% and 1.5%, respectively, after Tesla unveiled its Roadster car that uses SpaceX thrusters, spurring merger speculation between CEO Elon Musk's companies.
2026-10-16