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US stock futures took a breather on Friday as investors weighed a busy week of tariff hikes and inflation updates, with fresh retail data and earnings reports still ahead.
Dow Jones Industrial Average futures (YM=F) slipped 0.2%, while S&P 500 futures (ES=F) traded flat. Contracts on the tech-heavy Nasdaq 100 (NQ=F) were also little changed after Thursday’s sharp gains.
Markets are taking a pause for more thought about this week’s fast-moving stream of policy shifts from President Donald Trump. These ranged from 25% tariffs on steel and aluminum, to Ukraine peace talks with Russia, to a review of CHIPS Act terms for projects.
But stocks are still on track for solid weekly wins, having jumped on Thursday as Wall Street welcomed a delay in implementation of reciprocal tariffs. The S&P 500 (^GSPC) is now eyeing a fresh all-time high after closing just shy of the 6,118.71 record.
Investors will get insight into how consumers are faring with stubborn prices with new retail sales data set for release Friday morning. Pricing pressure remains top of mind for Wall Street following two hot inflation reports this week, which weighed on hopes for interest rate cuts.
A few companies saw significant gains in pre-market trading. Airbnb (ABNB) rose on news it beat analyst expectations. GameStop (GME) shares popped amid speculation the games retailer will move into crypto investment. On Friday, Moderna (MRNA) is set to report earnings.
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Good morning. Here’s what’s happening today.
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Trending tickers in after-hours trading on Friday
AirBnB (ABNB)
Shares of Airbnb soared over 14% in extended trading following stronger-than-expected Q4 profit, with revenue rising 12% to $2.5 billion and net income of $461 million. Bookings grew 12% to 111 million, while gross booking value climbed 13% to $17.6 billion, surpassing analyst expectations.
GameStop (GME)
GameStop (GME) shares surged nearly 10% in after-hours trading on Thursday following reports that the video game retailer is considering investing in cryptocurrencies, including bitcoin (BTC-USD). The company has been tied into cryptocurrencies for years, hitting all-time highs among meme-stock resurgence.
Palo Alto Networks (PANW)
Palo Alto Networks slumped 5% after the market closed Thursday. The company had popped during trading hours following its full-year revenue forecast on Thursday, anticipating strong demand for its cybersecurity solutions amid growing online threats. Only to miss earnings in mixed quarterly results.
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Sony shares leap following strong profit forecast and gaming division performance
Sony Group (SONY) stock jumped by up to 11% in Tokyo on Friday, the largest increase since August, after the company raised its operating profit forecast for the fiscal year to 1.34 trillion yen (USD $8.7 billion), a 2% increase.
This upward revision is largely attributed to strong performance in its gaming division, with a 37% rise in quarterly profit and robust sales of PlayStation 5 units.
