By Oliver Gray
Investing.com - U.S. stock futures remained little changed in early APAC deals on Friday after major benchmark indices resumed declines on Thursday, with the Dow Jones Industrial average heading for its fifth consecutive weekly loss as Russia’s invasion of Ukraine continues.
During Thursday’s session, the Dow Jones Industrial Average dipped 112.18 points to 33,174.07, the S&P 500 shed 0.4% to 4,259.52. The technology-focused NASDAQ Composite fell 1% to 13,129.96.
Dow Jones Futures added 0.13%, S&P 500 Futures gained 0.11% and Nasdaq 100 Futures added 0.08%.
Among stocks, risk-sensitive technology companies resumed declines, with Block Inc (NYSE:SQ) down 2.73%, Microsoft Corporation (NASDAQ:MSFT) losing 1.01%, Meta Platforms Inc (NASDAQ:FB) dipping 1.66%, Apple Inc (NASDAQ:AAPL) down 2.72% and Alphabet Inc (NASDAQ:GOOGL) easing 0.74%.
EV makers also retreated with Tesla Inc (NASDAQ:TSLA) down 2.41% and Lucid Group Inc (NASDAQ:LCID) dropping 4.16%.
Major financial players closed lower, as JPMorgan Chase & Co (NYSE:JPM) fell 1.18%, Citizens Financial Group Inc (NYSE:CFG) lost 1.19%, Bank of America Corp (NYSE:BAC) fell 0.9%, Citigroup Inc (NYSE:C) dipped 1.91%, Wells Fargo & Company (NYSE:WFC) fell 0.31%, Morgan Stanley (NYSE:MS) declined 1.76% and Goldman Sachs Group Inc (NYSE:GS) lost 1.11%.
In extended deals, Rivian Automotive Inc (NASDAQ:RIVN) tanked 13.63% after weaker than expected results for the fourth quarter, missing on both the top and bottom lines, while DocuSign Inc (NASDAQ:DOCU) sank 17.8% after reporting, issuing weaker than expected guidance for the first quarter and fiscal year.
On the bond markets, United States 10-Year rates were at 1.993%.
On the data front, yesterday’s inflation report revealed the consumer price index surging 7.9% in February to fresh 40-year highs, gaining 0.8% month-over-month, above estimates of 0.7%.