Stock futures are showing a downward trend on Friday morning as Wall Street aims to sustain its year-end rally.
Futures for the Dow Jones Industrial Average have experienced a slight dip of 105 points, equivalent to around 0.2%. S&P 500 futures have slipped by 0.05%, while Nasdaq 100 futures have seen a 0.1% decrease.
This decline in futures follows a positive rebound on Wall Street. The Dow climbed by 322 points, approximately 0.9%, successfully recovering most of the losses incurred on Wednesday. The S&P 500 and Nasdaq Composite also displayed gains of 1.0% and 1.3%, respectively.
On Thursday, the small-cap Russell 2000 index emerged as the leader with a notable increase of 1.7%. This further expands the ongoing market rally, coinciding with the decline in bond yields and trader speculations surrounding potential rate cuts from the Federal Reserve. Notably, the small-cap index is on track to achieve its sixth consecutive positive week.
Source (CNBC)
