U.S. equity futures showed a mixed picture on Friday as investors contended with lingering concerns about Middle East tensions and signs that the artificial intelligence trade was losing momentum. Market participants were also preparing for the monthly U.S. jobs report, a closely watched data point that could shed light on how the labor market is absorbing pressure from the Iran war.
By 03:36 ET (07:36 GMT), futures indicated divergent moves across major indexes: the Dow futures contract was up 61 points, or 0.1%, the S&P 500 futures were down 32 points, or 0.4%, and Nasdaq 100 futures had fallen by 290 points, or about 1.0%.
Premarket movers
- DocuSign - Shares of the electronic document services provider dipped after the company released quarterly results. Analysts cited in the market noted investors are awaiting clarity on how DocuSign will scale its AI-powered contracts platform.
- Lululemon Athletica - The athleisure retailer cut its full-year financial outlook as North American demand softened, a move that sent the stock sharply lower in premarket trading.
- Merlin - The aerospace and defense company jumped after announcing it had successfully completed a review of its C-130J autonomy program with the U.S. government.
- ServiceTitan - The software firm climbed following first-quarter revenue that exceeded expectations.
- Cooper Companies - The medical device and contact lens maker advanced after reporting second-quarter sales and profit that topped forecasts, driven by robust demand for contact lenses.
- Chipotle - The restaurant chain edged higher after analysts at JPMorgan upgraded the stock to overweight, citing what they described as a rare valuation opportunity.
- G-III Apparel Group - The clothing company rose after raising its outlook for annual adjusted earnings per share.
- Samsara - The GPS fleet tracking provider slipped slightly following the release of first-quarter results.
- Cypherpunk Technologies - Shares declined, moving in step with a drop in the crypto token Zcash.
These premarket moves highlight active stock-specific catalysts across several sectors - technology and software, retail and apparel, aerospace and defense, consumer discretionary, medical devices, and fleet-technology services. Market direction remained sensitive to broader macro drivers as traders awaited labor-market data that could influence policy expectations and risk appetite.