US stock futures were little changed on Friday after the major indexes ended mixed in the previous session amid volatile trading. Renewed weakness in megacap technology stocks offset optimism fueled by a bullish outlook for memory-chip makers.
On Thursday, the Nasdaq Composite slipped 0.46%, its fourth straight daily decline. An early rally, sparked by Micron’s upbeat forecast, faded into broad-based selling across the technology sector.
Micron jumped 15.7% after reporting strong earnings and issuing a robust revenue outlook for the August quarter. The results lifted other chip-related names, including Sandisk (up 22%), Applied Materials (up 13.4%), and Western Digital (up 4.9%).
By contrast, megacap technology stocks remained under pressure. Apple (-6.1%), Nvidia (-1.6%), Microsoft (-3.5%), Amazon (-3.1%), and Meta (-2.7%) all declined.
