U.S. stock futures fell on Friday following Thursday’s mixed close. Futures of major benchmark indices were lower.
President Donald Trump announced Kevin Warsh as his nominee to succeed Jerome Powell as Chair of the Federal Reserve early Friday.
Following a delay caused by a Federal government shutdown in late 2025, the Producer Price Index (PPI) for final demand rose 0.5% in December. Despite these logistical hurdles, the index concluded the year with a 3.0% unadjusted increase for 2025.
The 10-year Treasury bond yielded 4.26%, and the two-year bond was at 3.56%. The CME Group's FedWatch tool‘s projections show markets pricing an 84.7% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
Index
Performance (+/-)
Dow Jones
-0.84%
S&P 500
-0.92%
Nasdaq 100
-1.13%
Russell 2000
-1.51%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Friday. The SPY was down 0.32% at $691.84, while the QQQ declined 0.46% to $626.52.
Stocks In Focus
Apple
Apple Inc. (NASDAQ:AAPL) was 0.34% lower despite reporting stronger-than-expected financial results for the first quarter of fiscal 2026 after the market closed on Thursday.
AAPL maintains a stronger price trend over the long term but a weak trend in the short and medium terms with a solid quality ranking, as per Benzinga's Edge Stock Rankings.
SanDisk
SanDisk Corp. (NASDAQ:SNDK) surged 20.53% after posting ...
