U.S. stock futures edged higher on Friday morning despite the S&P 500 (SPX) and the Nasdaq 100 (NDX) retreating from record highs yesterday. Investors will focus on the release of the University of Michigan consumer sentiment data this morning, which will provide insights into U.S. consumer confidence amid ongoing macro uncertainty and the government shutdown, which has entered its tenth day due to an ongoing impasse in the Senate.
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Futures on the Nasdaq 100, the S&P 500, and the Dow Jones Industrial Average (DJIA) were up 0.16%, 0.15%, and 0.16%, respectively, at 8:20 a.m. EST on October 10.
During Thursday’s regular trading session, the S&P 500 and the Nasdaq Composite fell 0.28% and 0.08%, respectively, while the Dow Jones declined 0.52%.
Coming to trending stocks, Levi Strauss (LEVI) stock was down more than 7% in Friday’s pre-market trading despite reporting better-than-expected Q3 results and raising its full-year guidance. Qualcomm (QCOM) stock was down 1.3% as of writing in reaction to the news that China is opening an antitrust probe into the chip giant. Also, shares of natural gas transportation company Venture Global (VG) plunged over 19% in pre-market trading after losing an arbitration case to energy giant BP (BP).
Meanwhile, Elastic (ESTC) stock rallied about 13% after the AI-powered search company upgraded its revenue guidance and announced a $500 million share repurchase plan.
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