US stock futures were lower on Friday, with contracts on the Dow Jones, S&P 500, and Nasdaq each down around 0.3%, extending the previous session’s losses and pointing to another weekly decline.
Persistent concerns over AI stock valuations and uncertainty about the Fed’s next rate move kept investors cautious, amid growing divisions among policymakers and worries about the labor market.
The ongoing government shutdown continues to delay key economic releases, including the nonfarm payrolls report originally scheduled for today.
In premarket trading, Nvidia slipped 1.6%, marking a fourth straight day of losses.
Other megacaps were also weaker, including Microsoft (-0.4%), Apple (-0.3%), Amazon (-0.7%), Meta (-0.8%), Alphabet (-1.3%), Broadcom (-1.3%), and Oracle (-1.4%).
Tesla fell 0.8% after shareholders approved Elon Musk’s potential $1 trillion pay package.
For the week, the S&P 500 is down 1.8%, the Dow Jones 1.4%, and the Nasdaq 2.8%.
