Before the Bell
S&P 500 futures are down -0.3% and Dow futures -0.65%, while Nasdaq 100 futures are only slightly lower as Nvidia and AMD edge up from Thursday's losses. Oil is the other pressure: WTI crude is up about 1.5% to $100.95 a barrel and Brent is near $110, after reports that Washington is prepared for a long confrontation with Iran. Earnings from American Express and SLB, plus survey data before 10 a.m., bring the day's first new information.
On Thursday the S&P 500 fell 1.21% to 7,663.43, its worst day since July, and the Nasdaq Composite fell 2.60% to 26,008.86, its worst since June. The Dow rose 0.02% to 52,867.98, so the damage was concentrated in large tech names. The Philadelphia Semiconductor Index dropped about 6.7%. AMD fell about 8% and Meta about 7% after raising its AI spending forecast. Overnight, Asia was mixed, with China's CSI 300 up about 1.7% and Japan's Nikkei down about 0.3%; Europe's Stoxx 600 is down about 0.4%, weighed by the same worries and by French budget turmoil.