U.S. stock futures moved slightly lower on Thursday night (Friday AEDT) following a mixed session that saw the Dow Jones Industrial Average and the S&P 500 end their three-day winning streak.
Futures tied to the Dow fell 41 points, or 0.1%, while S&P 500 futures dipped 0.1%, and Nasdaq 100 futures slid 0.2%.
In after-hours trading, J.B. Hunt Transport Services plunged 9.2% after missing analysts’ expectations for its fourth-quarter earnings.
Meanwhile, Rivian Automotive gained 5.1% after finalising a US$6.6 billion loan agreement with the U.S. Department of Energy's Loan Programs Office to support the construction of its new manufacturing facility in Stanton Springs North, Georgia.
During Thursday’s regular trading session, the Dow and S&P 500 lost 0.2% apiece, while the Nasdaq Composite fell 0.9%. Despite the losses, all three major indices remain on track to close the week with gains.
Investors are awaiting a series of bank earnings reports set to be released before Friday’s market open, including results from State Street, Citizens Financial, Truist Financial, and Regions Financial.
Additionally, market participants will be closely monitoring the latest data on building permits and housing starts for further clues on the health of the U.S. economy.