Stock futures are indicating a modestly higher opening on Friday as major indexes aim to recover from a week-long decline. Futures for the Dow Jones Industrial Average and S&P 500 have increased by 0.3%, while those for the Nasdaq have risen by 0.4%.

The S&P 500 and Nasdaq Composite have experienced declines extending to five sessions, with the Dow facing a fourth consecutive day of losses. December marked the Dow’s worst month in over two years, despite a strong performance throughout 2024. In premarket trading, shares of major technology companies showed slight gains:

• Tesla bounced back by 0.7% after a significant 18% drop over the past five sessions.
• Other tech giants, including Microsoft, Nvidia, Alphabet, Amazon, Meta Platforms, and Broadcom, also experienced positive movement.
• However, Apple, nearing a $4 trillion market cap, saw a decline of about 0.5%.

In a significant development, U.S. Steel shares fell more than 8% after reports emerged that President Joe Biden has decided to block the $14.1 billion acquisition of the company by Japan’s Nippon Steel. Meanwhile, gold futures remained stable at $2,670 an ounce, while crude oil futures saw slight decreases.

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