FX.co ★ US Futures Mixed as Investors Assess Earnings

On Friday, U.S. stock futures presented a mixed outlook as investors scrutinized the latest batch of corporate earnings. Futures linked to the Dow Jones Industrial Average edged up by 0.1%, while those tied to the S&P 500 and the Nasdaq 100 slipped by 0.1% and 0.2%, respectively. In after-hours trading, Broadcom's shares dropped nearly 5% despite surpassing quarterly earnings expectations and offering robust future guidance. Conversely, Lululemon's shares surged over 10% following the announcement that its CEO would step down at the end of January, amidst a year marked by underperformance in the athletic apparel sector. In Thursday's regular trading session, the Dow and S&P 500 increased by 1.34% and 0.21%, respectively, both achieving new record closes. However, the Nasdaq Composite declined by 0.25%. The trading behavior indicated a shift away from high-priced tech and AI-focused stocks towards cyclical and undervalued sectors, catalyzed by the Federal Reserve's latest interest rate cut.