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US stock futures rose after another brutal day of trading on Wall Street ended with the S&P 500 (^GSPC) closing in correction territory.
Futures attached to the Dow Jones Industrial Average (YM=F) ticked up 0.4%. Futures attached to the benchmark S&P 500 (ES=F) rose 0.6%. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) jumped 0.8%.
CBOT – Delayed Quote USD
As of 6:12:51 AM EDT. Market Open.
YM=F ES=F NQ=F
The prospect of a government shutdown this weekend has been looming large on Wall Street. But, on Thursday night, a breakthrough appeared to be on the horizon with Senate Minority Leader Chuck Schumer saying he would vote to advance a Republican stopgap spending bill to keep the government open.
President Donald Trump has continued his trade war at a breakneck pace this week, unmoved by falling markets. On Thursday, Trump said at a meeting with the NATO secretary general that he didn’t plan to “bend at all” in an escalating round of tit-for-tat tariffs with America’s biggest trading partners, recognizing there could be “a little disruption” ahead.
Read more: The latest on Trump’s tariff plans
On Friday, University of Michigan’s consumer sentiment survey will provide a snapshot of how consumers are faring with new tariffs amid stubborn inflation. Last month’s report showed a dimming outlook on the economy taking hold.
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Gold reaches record heights
Gold (GC=F) struck a new record high Friday as haven demand is pushed by tariff uncertainty and mounting trade war tensions.
Reuters reports:
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Trending tickers in after-hours trading
Ulta Beauty (ULTA)
The stock of beauty retailer Ulta Beauty surged over 6% after the company surpassed expectations in its earnings performance. Ulta rannounced earnings of $8.46 per share and revenue of $3.49 billion, exceeding analysts’ forecasts of $7.12 per share and $3.46 billion in revenue.
Rubrik (RBRK)
Stock in the data management company jumped 16% following an exceptional fourth-quarter report. Rubrik generated $258 million in revenue, exceeding analysts’ estimates of $233 million.
DocuSign (DOCU)
DocuSign saw a rise of 12% after posting stronger-than-expected fourth-quarter earnings. The electronic signature provider earned an adjusted 86 cents per share, slightly above analysts’ expectations of 85 cents. Revenue totaled $776 million, surpassing the anticipated $761 million.
