S&P 500 futures slip as index heads for losing week: Live updates – CNBC

S&P500 futures Stocks edged lower Friday morning as investors wondered what would happen next for the market after the post-election rally faltered.

Futures linked to the Dow Jones Industrial Average Lost 191 points (0.44%). S&P 500 futures fell about 0.51%. Nasdaq 100 futures 0.68% decrease.

In extended trading, applied materials It fell more than 5% after giving a weak earnings outlook for the current quarter. domino pizza It has since increased by more than 7%. Berkshire Hathaway announced a new investment in a pizza chain.

The action comes after a losing day on Wall Street as the post-election economic recovery continues to show signs of stalling. of Dow It fell more than 200 points during the session, but S&P500 and Nasdaq Composite Each fell about 0.6%.

Stocks fell in afternoon trading after Federal Reserve Chairman Jerome Powell said at an event in Dallas that the central bank was “in no hurry” to cut interest rates. This comes after the Federal Reserve lowered borrowing costs last week.

The three major indexes are also ending the week lower, giving up some of the gains seen last week on the back of Donald Trump's victory in the presidential election. The Nasdaq Composite fell 0.9% this week, while the S&P 500 and Dow fell 0.8% and 0.5%, respectively.

“Investors are holding their breath and evaluating whether there is merit in this move forward,” said Sam Stovall, chief investment strategist at CFRA Research. “We don't really see anything happening that would upset the stock price right now, but investors are always looking around to see what could end a trend.”

Investors will focus Friday on economic indicators such as retail sales, import prices and industrial production. This capped a busy week of economic data punctuated by the release of consumer- and producer-focused inflation measures.

In terms of profits, the e-commerce giant alibaba It is scheduled to release quarterly results on Friday.