Stock futures fell on Friday following two consecutive days of record highs, although the major averages were still on track for a positive week.
Dow Jones Industrial Average futures were down 30 points, or 0.1%, while S&P 500 futures and Nasdaq 100 futures declined by 0.1% and around 0.3%, respectively.
In premarket trading, FedEx saw its shares jump by 11.5% after surpassing analyst expectations with its adjusted earnings. Conversely, Lululemon’s stock dropped 13% after the athleisure retailer provided disappointing guidance due to slowing growth in North America, and Nike also slipped by 6% following underwhelming guidance and weakened sales in China.
The major indices closed at record highs for the second consecutive day on Thursday, with all-time intraday highs also achieved. The Dow rose by approximately 0.7%, while the S&P 500 and Nasdaq Composite increased by roughly 0.3% and 0.2%, respectively. Thursday marked the fourth consecutive day of gains for all three indexes.
Source (CNBC)
