United States stock futures prices rose on Thursday (Friday AEDT) with technology stocks inching back up after declines during the day.
S&P 500 futures were up 0.1% to 6,972.00 points by 10:20 am AEDT (11:20 pm GMT). Dow Jones futures rose 0.2% to 49,578.00 and Nasdaq futures climbed 0.1% to 25,719.25.
During the day, the S&P 500 was roughly flat, the Dow Jones Industrial Average rose 0.6%, and the Nasdaq Composite fell 0.4%.
Technology stocks dropped during the day with the S&P’s technology index losing 1.5%.
Nvidia’s shares were up 0.1% in after-hours trading following a dip of 2.2% in the day’s session. Apple and Microsoft similarly each inched up 0.1% after-hours.
Intel shed 3.6% during the day, but rebounded by 1.4% after U.S. President Donald Trump praised the government’s investment in Intel on social media. Trump met with Intel CEO Lip-Bu Tan.
Defence stocks continued their rally after-hours following Trump's call for a US$1.5 trillion defence budget. General Dynamics was up 0.5%, Lockheed Martin rose 0.2%, and Northrop Grumman climbed 0.4%.
The U.S.’ balance of trade dropped in October, the Bureau of Economic Analysis said today. Imports were down 3.2% and exports grew by 2.6%.
The U.S. Supreme Court could rule on the legality of most of Trump’s tariffs on Friday (Saturday AEDT). The court is scheduled to issue opinions tomorrow but it has not specified which cases.
Nonfarm payrolls data for December will also be released tomorrow with Reuters-polled economists expecting an increase of 47,000 workers in the private sector.
