The stock market was primed to open with gains on Friday, according to the Associated Press, adding to record highs ahead of next week’s full docket of earnings, job market reports, a Federal Reserve policy meeting and the global tariff deadline.
Futures for the S&P 500 and the Dow Jones Industrial Average were both up 0.1% before the bell, while Nasdaq futures were virtually unchanged.
Both the S&P and Nasdaq closed on Thursday at record highs. Markets are on track to finish the week with gains for the fourth time in the past five weeks.
Intel shares fell more than 7% overnight after the chipmaker announced plans to cut its “core” workforce by almost 25% and reduce other expenses in a bid to revive the fortunes of the struggling chipmaker.
Deckers Brands rose more than 13% overnight after the shoe company handily beat Wall Street’s sales and profit targets.
Boston Beer Co., the maker of Samuel Adams beer and Truly hard seltzer, soared 7.8% after its second-quarter profit came in well ahead of analysts’ forecasts.
U.S. benchmark crude oil ticked up 27 cents to $66.30 per barrel. Brent crude, the international standard, also climbed 27 cents to $68.63 per barrel.
Next week brings the peak of earnings season, with more than 100 companies in the benchmark S&P 500 reporting their latest results.
