United States stock futures edged lower during Thursday's evening deals (Friday AEDT) after major Wall Street indexes closed higher, buoyed by cooler-than-expected inflation data.
By 10:40 am AEDT (11:40 pm GMT), Dow Jones Industrial Average futures were down 0.2%, S&P 500 futures slipped 0.1%, and Nasdaq 100 futures eased 0.2%.
Nike shares weighed on Dow futures in extended trading, with the sportswear group down 10.5% after reporting a decline in revenue in its Greater China business during the fiscal second quarter and warned that higher tariffs were hitting gross margins.
In contrast, FedEx shares rose 0.6% after the logistics group posted adjusted earnings per share (EPS) of US$4.82 per share on revenue of US$23.47 billion, compared with estimates of US$4.12 per share and US$22.78 billion.
In the regular session, the S&P 500 and the Dow both snapped four-day losing streaks, while the tech-heavy Nasdaq Composite climbed 1.4% as several technology stocks recovered losses from earlier in the week.
Thursday’s gains followed a lighter-than-expected inflation reading for November and strength in large-cap technology names.
The Consumer Price Index showed consumer prices rose 2.7% year-on-year, below expectations, raising hopes that the Federal Reserve could cut interest rates in 2026.
Technology stocks and chipmakers also advanced after Micron Technology delivered robust guidance for revenue in the current quarter, highlighting strong demand tied to artificial intelligence.
Despite the rebound, U.S. equities remained lower for the week. The S&P 500 and the 30-stock Dow are down about 0.8% and 1%, respectively, while the Nasdaq Composite is lower by roughly 0.8% week to date.
