Menu
A trader works on the floor of the New York Stock Exchange.
NYSE
Stock futures were mixed early Friday as traders awaited the release of the July jobs report.
Nasdaq 100 futures led gains, rising 0.45%, as S&P 500 futures advanced 0.15%. In contrast, Dow Jones Industrial Average futures were flat.
Airbnb shares rallied over 8% in premarket trading after the vacation rental company posted a beat on the top and bottom lines. Cloudflare surged 16% in premarket after the cloud cybersecurity company issued a solid full-year and current-quarter outlook.
Wall Street is coming off a losing session, as an increase in oil prices weighed on equities. The Dow fell more than 460 points, or 0.9%, breaking a five-day winning run. The S&P 500 slid 0.2%, while the Nasdaq Composite dipped 0.1%.
Oil prices ticked lower early Friday. West Texas Intermediate futures for September delivery were off 0.14% at $77.19, while Brent crude, the international benchmark, slipped 0.28% to $82.26.
Despite Thursday's losses, stocks are headed for a second straight week of gains. The Nasdaq could post its best weekly performance since May, thanks to a bounce-back in chip stocks. The iShares Semiconductor ETF (SOXX) is higher by more than 5% this week.
Investors will turn their attention to the jobs report Friday. July's nonfarm payrolls aren't expected to show much improvement, with a gain of just 83,000, and the unemployment rate staying unchanged at 4.2%. Traders will look to wage growth and participation in the labor force for clues on the job market.
In Europe, the Stoxx 600 was up 0.24% in morning trade, as Germany's DAX advanced 0.48%, and the French CAC 40 rose 0.26%. The U.K.'s FTSE 100 was last seen 0.17% higher.
In Asia, Japan's Nikkei 225 closed 0.12%, while South Korea's Kospi fell 0.60%. Australia's benchmark S&P/ASX 200 ended flat and mainland China's CSI 300 closed 0.93% higher.
In spite of the U.S. pullback, the market outlook has brightened on many parts of the Street this week. Investors are hopeful that a deal to reopen the Strait of Hormuz will eventually bring down oil prices and curb inflation expectations.
Tech has outperformed — with semiconductors rallying this week — after last month's unwinding of the momentum trade convinced many the stock market got the reset it needed for the next leg higher. Strong earnings only add to the recent confidence.
"There's going to be a chase," Tom Lee, head of research at Fundstrat Global Advisors, told CNBC's " Closing Bel l" on Thursday. "I think that chase takes us towards 7,900, 8,000" this month.
24 Min Ago
Spot silver gains 5%, extends 6-week high
Spot silver rose 5% on Friday, extending a six-week high to $64.57 an ounce and on track for its best weekly performance since February.
Silver is tracking gold higher this week after lower oil prices and soft hiring data boosted the prospects for precious metals.
Traders are looking ahead to the release of the July jobs report on Friday, which will shed some light on the Fed's interest rate path.
— Joseph Wilkins
46 Min Ago
Yen rally fades a week after U.S.-Japan intervention as focus shifts to policy
Yen rally fades a week after U.S.-Japan intervention as focus shifts to policy
48 Min Ago
Here's the latest ahead of the opening bell on Wall Street
- Stock futures were mixed on Friday, with Nasdaq futures edging higher as traders await the release of the July jobs report. The major averages are heading for a second straight winning week.
- Oil prices ticked higher early Friday. West Texas Intermediate futures for September delivery were 0.8% higher at $77.91, while Brent crude, the international benchmark, rose 1.1% to $83.40.
- Gold is on track for its best week since January, after lower oil prices boosted the prospects for the yellow metal.
- Investors turn their attention to the jobs report Friday. July's nonfarm payrolls aren't expected to show much improvement, with a gain of just 83,000, and the unemployment rate staying unchanged at 4.2%.
— Joseph Wilkins
3 Hours Ago
Asia-Pacific markets close mixed amid uncertainty over Hormuz shipping route
Japan's Nikkei 225 closed 0.12% lower at 65,606.71, while South Korea's Kospi fell 0.60% to 6,258.77 in choppy trade.
Australia's benchmark S&P/ASX 200 ended flat at 9,263.60.
Hong Kong's Hang Seng index was up 0.44% as of its last hour of trade, while mainland China's CSI 300 closed 0.93% higher at 4,694.44. Market sentiment was supported by China’s exports growth in July that beat analysts' estimates.
— Justina Lee
3 Hours Ago
European stock markets start Friday's session in the green
A trader watches her monitors on the trading floor of the Frankfurt Stock Exchange in front of the display board showing the Dax curve.
Arne Dedert | dpa | Picture Alliance | Getty Images
European stock markets opened the final trading day of the week in positive territory, with the Stoxx 600 benchmark up 0.24% shortly after 8:15 a.m. in London (3:15 a.m. E.T.).
The continent's major bourses all traded higher, with Germany's DAX up 0.41% in Frankfurt, while in London, the U.K. FTSE 100 added 0.22%. The Italian FTSE MIB rose 0.1% in Milan, and in Paris, France's CAC 40 was last seen almost 0.1% higher.
A majority of regional sector also notched gains in early dealmaking, with European healthcare stocks leading the way, up 1.3%. Technology companies rose more than 1%.
On the downside, both travel and leisure stocks and autos and parts names both retreated about 0.5%.
| |
— Hugh Leask
4 Hours Ago
Starlink rival beats revenue expectations but remains lossmaking
Eutelsat, Europe's challenger to Elon Musk's Starlink, posted better-than-expected revenue figures on Friday but is still operating at a loss.
The French firm, which produces Low Earth Orbit (LEO) connectivity, said the growth in its LEO business is expected to offset declines in its Geostationary Earth Orbit business.
Eutelsat posted revenues of 1.24 billion euros ($1.4 billion) in the year ended in June, which is above the 1.2-billion-euro average from analysts polled by the company. However, Eutelsat was still running an operating loss of over 220 million euros and a net loss of 457 million euros.
— Joseph Wilkins
5 Hours Ago
Gold on track for best week since January
Gold is on track for its best week since January, after lower oil prices boosted the prospects for the yellow metal.
Spot gold was last seen trading 0.7% higher at $4,271.30 per ounce, while gold futures were last seen trading 0.75% higher at $4,331.90 per ounce.
This week, gold defied the bearish case to consolidate above the important $4,000 per ounce level. Traders are looking ahead to the release of the July jobs report on Friday, which will indicate the direction for interest rates.
— Joseph Wilkins
6 Hours Ago
Kirin Holdings shares rise after agreement to buy Canadian supplements maker Jamieson Wellness
Shares of Kirin Holdings, a Japanese beer and beverages firm, climbed 4% on Friday after it agreed to acquire Canadian supplements maker Jamieson Wellness.
In a separate statement, Jamieson Wellness said Kirin would acquire all of its issued and outstanding common shares for $45.75 Canadian dollars ($32.64) per share in cash, valuing the company at approximately C$2.0 billion on a fully diluted equity basis and C$2.5 billion on an enterprise value basis.
The deal marks Kirin's latest push to expand its health supplements business, following its acquisitions of Japanese supplements maker FANCL in 2024 and Australia's Blackmores in 2023.
— Jenny Lee
7 Hours Ago
China’s exports jump 23.9% in July, beating estimates; imports cool
China's exports rose more than expected in July, though growth eased from June's blistering pace, with global demand for high-tech components helping absorb the country's goods.
Exports grew 23.9% in U.S. dollar terms in July from a year earlier, official customs data showed Friday, topping Reuters-polled analysts' forecast for a 22.2% growth. That slowed from June's 27% surge, which was the fastest pace since October 2021.
Imports rose 27.5% last month, just shy of Reuters estimates of 27.9% in a Reuters poll, slowing from June's 36% jump — the quickest in five years.
The trade surplus came in at $112.5 billion, exceeding analysts' estimates of about $107 billion, while narrowing from $125.6 billion in June, customs data showed.
Chinese exporters had also been racing goods onto U.S.-bound ships ahead of an anticipated increase in tariffs. Washington applied a new 12.5% levy on Chinese products in late July, replacing a temporary 10% rate that had lapsed.
— Anniek Bao
7 Hours Ago
Oil rises after Iran’s restrictive draft plan for the Strait of Hormuz
Oil rose Friday amid worries over supply disruptions after Iran published a restrictive draft plan for the Strait of Hormuz.
Futures for international benchmark Brent crude for October delivery gained 1.25% to $83.52 a barrel. U.S. West Texas Intermediate futures for September advanced 1.10% at $78.14 per barrel.
According to the apparent draft plan published by Iran, the country would ban U.S. and Israeli ships from transiting the Strait. Until compensation is paid, other nations that have harmed Iran would not be allowed to transit, according to the draft.
Conflicting accounts of bilateral engagement are muddying the progress of a deal to open the Hormuz strait. While U.S. President Donald Trump said in the Oval Office that the Iran will end "pretty soon," Tehran accused him of staging "theater diplomacy."
— Justina Lee
9 Hours Ago
South Korean solar stocks rise after Trump tariffs on polysilicon
Shares of South Korean solar companies rose in early trading Friday after the White House imposed a 15% tariff, price floors and minimum import prices on polysilicon products and derivatives.
The measures could provide price support for non-Chinese suppliers, Hevin Cho, analyst at Kyobo Securities said.
Hanwha Solutions surged 10% and OCI Holdings gained 4%.
Polysilicon produced by OCI Holdings' Malaysian subsidiary is classified as high-purity silicon containing at least 99.99% silicon by weight under tariff classification 2804.61 and is therefore exempt from the 15% tariff, Cho said.
Hanwha Solutions also manufactures ingots, wafers and solar cells in the United States, leaving it relatively less exposed to the new measures, she added.
China accounted for 93.2% of global polysilicon production in 2024.
—Jenny Lee
9 Hours Ago
Mainland China and Hong Kong shares open mixed ahead of trade data
Mainland China and Hong Kong stocks were mixed, as investors await China trade data due later in the day.
Hong Kong's Hang Seng index fell 0.35%, while mainland China's CSI 300 was 0.28% higher.
The declines in Hang Seng were led by healthcare as well as education services sectors, down 0.55% and 0.54%, respectively.
— Justina Lee
10 Hours Ago
Japan's Nikkei 225 and South Korea's Kospi open higher
Asia-Pacific markets traded broadly higher early Friday, with focus on China trade data due later in the day.
Japan's Nikkei 225 added over 0.20% while the Topix rose 0.29%.
The Kospi gained 0.89% at open, while the small-cap Kosdaq 0.6%.
Australia's benchmark S&P/ASX 200 was 0.45% lower.
—Justina Lee
11 Hours Ago
Asia-Pacific markets set for muted open amid higher oil prices
Asia-Pacific markets were set to open mixed on Friday, on higher oil prices after Iran published a restrictive draft plan for the Strait of Hormuz.
Japan's Nikkei 225 was poised to decline slightly, with the Chicago futures contract at 65,670 and its Osaka counterpart last trading at 65,530, compared with the index's previous close of 65,683.26.
Hong Kong Hang Seng index futures were last at 25,542, compared with the index's close of 25,530.28.
Australia's S&P/ASX 200 futures last traded at 9,190, while the index closed at 9,271.60.
| |
According to the apparent draft plan published by Iran, the country would ban U.S. and Israeli ships from transiting the strait. Until compensation is paid, other nations that have harmed Iran would not be allowed to transit, according to the draft.
Meanwhile, U.S. President Donald Trump said in the Oval Office in a reference to Iran that he thinks the war in Iran will end "pretty soon."
—Justina Lee
11 Hours Ago
Major averages head for second straight winning week
As of Thursday's close, stocks were on pace for a second straight week of gains. Here are where the major averages stand:
- The Dow Jones Industrial Average up 2.7% week to date
- The S&P 500 up 2.9%
- The Nasdaq Composite up 3.8%
— Sarah Min
12 Hours Ago
Stocks making the biggest moves after hours
Cheng Xin | Getty Images
Check out the companies making headlines after hours.
Airbnb — Shares of the vacation rental company surged about 7% after Airbnb posted second quarter earnings of $1.37 per share on revenues of $3.61 billion. That outpaced the earnings of $1.25 on revenues of $3.58 billion forecasted by analysts, according to LSEG.
Lyft — The ride-hailing company was marginally higher after posting second quarter revenues of $1.84 billion, beating the LSEG consensus estimate of $1.81 billion. Earnings of 13 cents per share, however, missed the 14 cents anticipated by analysts.
DraftKings — Shares were down over 1.5% after the company fell short of expectations on revenue. DraftKings posted second quarter revenue of $1.44 billion, missing the $1.51 billion analysts polled by LSEG sought. The company also posted a loss of 14 cents per share, while the Street expected a profit of 2 cents a share. The digital sports entertainment and gaming company did reaffirm its guidance on adjusted EBITDA and revenue for the 2026 fiscal year.
— Sarah Min
12 Hours Ago
Stock futures open little changed
Stock futures opened little changed Thursday night.
Dow Jones Industrial Average futures fell by 19 points, or 0.04%. S&P 500 futures dipped 0.04%, while Nasdaq 100 futures climbed 0.1%.
— Sarah Min
Dow jumps more than 250 points for record close and fifth winning day: Live updates
Dow surges 900 points, S&P 500 closes above 7,700 for first time in booming Wall Street rally
S&P 500 closes higher Friday as Amazon surges; Dow posts fourth straight winning month: Live updates
Read Original at CNBC →