U.S. stock futures experienced a modest uptick on Friday, with contracts for the three major indexes each gaining approximately 0.1%. This upward momentum extended the gains from the previous session, during which all three indexes achieved record highs. The marketplace continues to be buoyed by the optimism surrounding artificial intelligence developments and recent collaboration announcements. Notable partnerships include those between Hitachi and OpenAI, as well as Fujitsu and Nvidia, which have further enhanced global investor sentiment.
Despite the federal government shutdown now entering its third day and causing delays in the release of critical economic reports—most notably the eagerly awaited jobs report scheduled for today—market participants remain unfazed. Earlier this week, President Trump cautioned about the potential for significant job losses.
In premarket movements, major tech stocks showed mixed results. Nvidia increased by 0.3%, Amazon rose 0.4%, Meta saw a 0.5% rise, Broadcom climbed 0.8%, and Tesla surged by 1.5%. Conversely, Microsoft remained relatively unchanged, while Apple fell by 0.9%, and Alphabet decreased by 0.2%.
Throughout the week, the S&P 500 has risen by nearly 1.1%, the Dow Jones by 0.6%, and the Nasdaq by 1.6%.
