Dow futures hold near 50,880 while S&P 500 and Nasdaq 100 dip ahead of SpaceX’s record $75 billion IPO.
US stock futures showed mixed movement early Friday, with Dow Jones futures steady near 50,880 as investors weighed renewed Middle East tensions against diplomatic progress. S&P 500 futures edged down 0.09% to 7,390, while Nasdaq 100 futures fell 0.29% to 29,380, reflecting cautious sentiment ahead of the US open.
The pre-market hesitation follows a strong rally on Thursday, when the Dow surged 1.86%, the S&P 500 gained 1.75%, and the Nasdaq 100 climbed 2.54%. Markets had advanced on easing US-Iran tensions and excitement over SpaceX’s upcoming IPO, set to be the largest in history at a $75 billion valuation.
Risk appetite remains tempered after reports of US forces intercepting Iranian drones near the Strait of Hormuz, though optimism persists over a potential US-Iran peace deal this weekend.