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US stock futures edged higher on Friday in the wait for a key inflation reading, as fresh tariff threats added to uncertainty over Big Tech prospects.
Contracts on the S&P 500 (^GSPC) and the tech-heavy Nasdaq 100 (NQ=F) both rose about 0.3%, after suffering a Nvidia-led (NVDA) sell-off on Thursday. Dow Jones Industrial Average futures (YM=F) also added 0.3%.
The countdown is on to the January reading of Personal Consumption Expenditures index after recent data revived concerns about a slowdown in the economy. Annual “core” PCE — which strips out food and energy prices — is the Federal Reserve’s preferred gauge of inflation, is expected to cool to 2.6% and should set expectations for interest-rate cuts.
CME – Delayed Quote USD
As of 7:12:47 AM EST. Market Open.
ES=F YM=F NQ=F
Meanwhile, investors tiring of President Trump’s fast-paced trade policy overhaul had to grapple with fresh tensions, after China vowed to respond with “all necessary measures”. Beijing’s threat came after Trump said an extra 10% tariff on Chinese imports would take hold on Tuesday. He has also pledged to follow through on new duties on Mexico and Canada, and to impose tariffs on the EU.
The sell-off in bitcoin (BTC-USD) deepened as the token sank 7% to its lowest level since November. The cryptocurrency has dropped 25% from its record high amid a broader crypto rout.
On the earnings front, Dell’s (DELL) stock slipped 2% as its results late Thursday fanned concerns about higher AI server costs. Shares in hardware maker HP (HPQ) dropped 3% even as its earnings met expectations.
LIVE 4 updates
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Good morning. Here’s what’s happening today.
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Bitcoin falls below $80,000 for first time since November 11
Bitcoin has slid from an all-time high six weeks ago to the cryptocurrency’s lowest trading point in months. Insecurity around President Donald Trump’s tariff plans has pulled faith in the asset down alongside the worlds largest cryptocurrency hack causing investors to seek safe haven commodities.
Read more here.
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Trending tickers from after-hours trading Thursday.
Duolingo (DUOL)
Duolingo Inc, a language learning platform, reported fourth quarter results that surpassed analyst expectations. However, stock in the company dropped 8% in after-hours trading.
Rocket Lab (RKLB)
Aerospace and defense company Rocket Lab stocks cratered 13% on soft guidance despite the company announcing better-than-expected revenue for the quarter.
SoundhoundAI (SOUN)
SoundHound AI, specializing in voice artificial intelligence products, surpassed Wall Street’s fourth-quarter expectations late Thursday and raised its forecast for the full year of 2025. Soundcloud AI stock soared 9% in after-hours trading.
