As investors sought to recover more ground from this week’s sell-off, U.S. stock futures declined on Friday.
Futures on the Nasdaq-100 fell 0.5%, and futures on the S&P 500 fell 0.3%. Futures linked to the Dow Jones Industrial Average declined by 0.2%, or 80 points.
After revealing it is laying off 15% of its U.S. personnel and releasing adjusted earnings that exceeded projections, Paramount Global saw a rise of more than 6%. After publishing conservative guidance, E.l.f. Beauty saw a roughly 9% decline. The latest weekly jobless claims data helped allay investors’ worries about the health of the labour market and the U.S. economy, causing stocks to rise during Thursday’s regular trading after falling earlier in the week.
Source (CNBC)
