U.S. stock futures were little changed Friday after a bruising week dominated by concerns over stretched technology valuations and a prolonged government shutdown that has obscured key economic signals. By 06:00 ET (11:00 GMT), Dow futures<\/strong> added 9 pts (+0.1%)<\/strong>, while S&P 500 futures \u22123 pts (\u22120.1%)<\/strong> and Nasdaq 100 futures \u221228 pts (\u22120.1%)<\/strong>. The backdrop remains fragile after Thursday\u2019s decline\u2014Nasdaq \u22121.9%<\/strong>, resuming Tuesday\u2019s tech-led selloff.<\/p>\n\n\n\n All three major indices are set to finish lower for the week (S&P 500 \u22121.8% WTD; Dow \u22121.4%; Nasdaq \u22122.8%<\/strong>) as investors reassess lofty multiples, particularly across AI-exposed mega caps. The government shutdown<\/strong>, now in its second month, has stalled official releases on inflation and employment, leaving markets and the Federal Reserve with reduced visibility. Private indicators did little to soothe nerves: Challenger data showed October layoffs up 183% m\/m<\/strong>, the steepest monthly jump in decades, complicating the policy outlook.<\/p>\n\n\n\n Separately, the U.S. Supreme Court\u2019s<\/strong> skepticism toward the legality of certain Trump-era tariffs injected fresh uncertainty into the trade-policy path\u2014an overhang for corporate planning and supply chains.<\/p>\n\n\n\n Corporate results continue to exceed expectations and soften the macro blow: 83%<\/strong> of 424 S&P 500<\/strong> reporters have topped estimates so far for Q3.<\/p>\n\n\n\n In governance headlines, Tesla<\/strong> shareholders approved an ultra-ambitious compensation plan for CEO Elon Musk<\/strong>, enabling up to $1 trillion<\/strong> in stock awards over the next decade, contingent on stretch milestones including an $8.5T<\/strong> market cap and deployment of robotaxis and humanoid robots. Over 75%<\/strong> of votes cast supported the package.<\/p>\n\n\n\n Crude prices edged higher\u2014Brent +1.2% to $64.11<\/strong>, WTI +1.3% to $60.20<\/strong>\u2014but both are tracking ~2%<\/strong> weekly declines, their second straight, after OPEC+<\/strong> opted for a modest December output increase<\/strong> while pausing additional hikes in Q1 to avoid a glut. U.S. inventory data showed a larger-than-expected crude build<\/strong>, stoking demand concerns amid shutdown-related disruptions.<\/p>\n\n\n\n With valuation sensitivity elevated and a data vacuum blurring the macro picture, equities look set to close a choppy week on the back foot. Strong micro\u2014beats and resilient guidance\u2014continues to provide a floor, but near-term direction will hinge on clarity around the shutdown\u2019s duration, the Fed\u2019s December path, and whether tech leadership can stabilize without further multiple compression.<\/p>\n","protected":false},"excerpt":{"rendered":" U.S. stock futures were little changed Friday after a bruising week dominated by concerns over stretched technology valuations and a prolonged government shutdown that has obscured key economic signals. By 06:00 ET (11:00 GMT), Dow futures added 9 pts (+0.1%), while S&P 500 futures \u22123 pts (\u22120.1%) and Nasdaq 100 futures \u221228 pts (\u22120.1%). The …<\/p>\n","protected":false},"author":9,"featured_media":115890,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,39,36],"tags":[],"class_list":["post-120698","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120698"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120698\/revisions"}],"predecessor-version":[{"id":120699,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120698\/revisions\/120699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/115890"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Valuation angst meets data blackout<\/h2>\n\n\n\n
Earnings still a bright spot<\/h2>\n\n\n\n
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Energy: oil up on the day, down on the week<\/h2>\n\n\n\n
The takeaway<\/h2>\n\n\n\n