Business
Nasdaq Futures Drop With AI Fears Center Stage for Markets. Dow Rises.
Stocks were struggling for direction on Friday, as investors tried to make sense of another set of so-so Big Tech earnings.
Futures tracking the Dow Jones Industrial Average rose 106 points, or 0.2%, while contracts tied to the S&P 500 were falling 0.2%, after both indexes rebounded to hit record closing highs on Thursday. Nasdaq 100 futures were dropping 0.5%.
The gauges were probably moving in different directions because of Broadcom, which is in the S&P 500 and Nasdaq 100 but not the Dow. Its shares sank 4.5% in late trading, following a fourth-quarter earnings call in which analysts questioned the chip maker’s sales forecasts and future margins.
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