Wall Street was set to open with losses Friday just hours after hitting all-time highs, the Associated Press reports. It’s a possible sign that concern is growing among investors over President Donald Trump’s tariff letters this week.
Futures for the S&P 500 and Nasdaq slid 0.5% before the bell, while futures for the Dow Jones Industrial Average slid 0.6%.
Bitcoin reached a new all-time high Friday, briefly eclipsing $118,000 before settling to roughly $117,600.
Levi Strauss rose 6.4% overnight after beating Wall Street’s sales and profit targets and raising its full-year forecast, including tariff impacts.
T-Mobile shares were essentially unchanged after the Justice Department announced Thursday that it would not prevent the company from closing on its proposed $4.4 billion acquisition of U.S. Cellular, whose shares in turn were up 12% in the premarket.
In energy trading, benchmark U.S. crude added 77 cents to $67.34 per barrel. Brent crude, the international standard for oil prices, gained 68 cents to $69.32 per barrel.
