U.S. Equity Futures Mixed, Tech Stocks Underperform
In the opening hour of the evening session, U.S. equity futures are mixed, with S&P e-minis flat, Dow Industrials up a decimal, and Nasdaq 100 down 0.2%. In commodities, WTI Crude Oil has come off Thursday's multi-week lows lows but remains below $58 per barrel. Meanwhile, metals are holding on to gains, with Gold futures above $4,300, and Silver just shy of $64 per ounce.Materials and Financials were the best performing sectors in the S&P 500 on Thursday - the former benefiting from surging precious and base metals prices and the latter responding to widening out yield spreads as "less hawkish than feared" post-Fed reaction saw rates come in by a wider margin on shorter-end durations. Tech and Communication Services were weak however - Oracletraded off its post-earnings lows but still declined over 10%, dampening AI-related sentiment. Also of note, Alphabetshares were down by over 2% after the release of GPT-5.2 by OpenAI that made strides from the 5.1 iteration and dented the perception of momentum behind Google's Gemini AI engine.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Quanex Building Productsup 24.7%Mitek Systemsup 20.5%Lululemonup 10.2%RHup 7.6%Evommuneup 1.7%DOWN AFTER EARNINGS -Comtech Telecommunicationsdown 10.2%Kestra Medical Technologiesdown 7.1%Netskopedown 6.6%Broadcomdown 4.4%Costcodown 0.7%
