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  • 7 months ago
U.S. stock futures rose on Friday following Thursday’s positive close. Futures of major benchmark indices were higher.

On Thursday, chip stocks were standout performers after Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) posted a record quarter. Financials also rallied, as Goldman Sachs Group Inc. (NYSE:GS) rose over 4% on strong fourth-quarter profits and Morgan Stanley (NYSE:MS) jumped nearly 6% on upbeat results.

Meanwhile, the 10-year Treasury bond yielded 4.17%, and the two-year bond was at 3.56%. The CME Group's FedWatch tool‘s projections show markets pricing a 95% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Friday. The SPY was up 0.30% at $694.33, while the QQQ advanced 0.51% to $624.93.

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00:00all right futures mostly indicating a higher open here today s&p futures up 0.14 percent the
00:12dow futures actually near flat down 0.05 percent and the nasdaq futures leading the way higher
00:18by 0.48 percent let's take a look at some cues from last session utilities industrials and real
00:27estate stocks recorded the biggest gains on thursday while energy and health care stocks
00:31bucked the trend to close lower on thursday chip stocks were standout performers after taiwan
00:39semiconductor ticker tsm posted a record quarter we all kind of expected that it did trade pretty
00:45well and it brought the semis with it financials also rallied as goldman sachs rose over four percent
00:51on strong fourth quarter profits and morgan stanley jumped nearly six percent those charts looked
00:56identical most of the day big time shout out to jay rice who had that pegged real real early on
01:01that goldman sachs reversal meanwhile the 10-year treasury bond yielded 4.17 percent and the two-year
01:07bond was at 3.56 percent the fed watch tool is pricing in a 95 percent chance of no cut so this
01:15is basically bouncing around anywhere between 95 and 98 percent pretty clear that the market thinks
01:21we're not getting a rate cut at the next meeting now we do have several stocks in focus here for
01:27you today the first one is going to be chevron ticker cvx that was 0.51 percent higher in the
01:33pre-market on friday as the company along with its partners have reached a final investment decision to
01:38expand the leviathan reservoirs production capacity aiming to deliver approximately 21 billion cubic meters of
01:45natural gas annually to israel egypt and jordan by the end of the decade pay safe is the next stock on
01:53our list here today that gained 2.2 percent after it announced a strategic partnership with payments
01:59orchestration platform pay.com to serve as a recommended card acquirer and integrated skrill netler
02:06and pay safe card solutions aiming to optimize transaction approval rates and checkout flexibility
02:13for global merchants we're going to have more on this story here in the news block coming up next
02:18um pay safe gaining here doesn't look like it's good news for paypal to be quite honest with you
02:24the next stock on our list is going to be jb hunt the ticker is jbht that dropped 4.19 percent
02:31after reporting mixed financial results for the fourth quarter fourth quarter revenue of 3.097 billion
02:37was slightly below estimates of 3.099 billion
02:41the next stock on our list here is going to be qxo and the ticker is qxo it declined 4.08 percent
02:50after it announced a 750 million dollar common stock offering and reported preliminary fourth quarter net sales
02:56of 2.19 billion the last stock on our list is immunity bio and this is a stock that we've taken a look at quite a bit
03:04the ticker is ibrx and surge shares surged 21.01 percent after jumping 30 percent on thursday
03:12it announced preliminary net product revenue for anctiva reached approximately 113 million for fiscal
03:202025 reflecting a remarkable 700 percent increase year over year
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