Stock Market Today: Dow Futures Advance, Nasdaq, S&P 500 Retreat Despite Trump's AI Order—Broadcom, Lululemon, Tilray In Focus

17 hours ago

U.S. stock futures swung between gains and losses on Friday after Thursday’s mixed close. Futures of major benchmark indices were mixed.

Thursday experienced a rotation out of expensive tech names, which helped U.S. stocks settle mostly higher, with the Dow Jones surging over 600 points. Overall risk appetite remained resilient following the Federal Reserve's third consecutive interest-rate cut delivered a day earlier.

Meanwhile, President Donald Trump signed a sweeping executive order aimed at creating a single national framework for artificial intelligence (AI), moving to sideline state-level rules he argued were hindering America’s ability to maintain its leadership in this space.

The 10-year Treasury bond yielded 4.17% and the two-year bond was at 3.53%. The CME Group's FedWatch tool‘s projections show markets pricing a 73.4% likelihood of the Federal Reserve leaving the current interest rates unchanged.

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 lower in premarket on Friday. The SPY was down 0.12% at $688.32, while the QQQ declined 0.51% to $622.38, according to Benzinga Pro data.

Transcript

00:00all right futures slightly under pressure on this friday ahead of the open for december 12th

00:12s&p futures down 0.14 percent the dow futures are actually up 0.15 percent and the nasdaq futures

00:19leading the way down at 0.56 percent likely on the back of those broadcon earnings that we saw

00:25last night now let's take a look at some cues from the last session industrials materials and

00:31financials led the gain on thursday while communication services and information

00:35technology stocks bucked the trend to close lower thursday experienced a rotation out of expensive

00:42tech names this is something that we've been on for a while and think is going to continue into 2026

00:48that helped u.s stocks settle mostly higher with the dow jones surging over 600 points

00:53overall risk appetite remain resilient following the federal reserve's third consecutive interest

00:58rate cut delivered just a day earlier meanwhile president trump signed a sweeping executive

01:03order aimed at creating a single national framework for artificial intelligence moving to sideline

01:09state-level rules he argued were hindering america's ability to maintain its leadership

01:14in this very important space the 10-year treasury bond yielded 4.17 percent and the two-year bond

01:22yielded 3.53 percent now we have several stocks here in focus the first one here is going to be

01:28costco ticker cost that was 0.52 percent lower in the pre-market on friday despite reporting better

01:35than expected financial results for the first quarter of fiscal 2026 after the bell on thursday we'll take

01:41a look at costco today and see if we can set up a potential ad or a swing trade there broadcom is the

01:46next stock on our list here that dropped 5.18 percent as it delivered disappointing guidance

01:51regarding shrinking gross margins and a sharply higher tax rate for fiscal 2026

01:58lululemon is the third stock on our stocks in focus list here today ticker lulu it jumped 9.49

02:05after posting better than expected results for the third quarter and raising its full year guidance the

02:10company announced the ceo secession plan for calvin mcdonald and also authorized an increase to its

02:16share buyback program the next stock on our list is restoration hardware ticker rh that was 4.26

02:24higher despite posting mixed results for the third quarter after the closing bell on thursday

02:29restoration restoration hardware reported quarterly earnings of 171 per share which missed the analyst

02:35estimate of 21 16 per share by 21 or just about 21 percent quarterly revenue came in at 883.81 million

02:44that beat the street consensus of 883.69 million very very tiny beat there the last stock on our list

02:52is tilray ticker tlry surge 28.11 following the company's announcement of its amped live resin liquid

03:00diamond product line as also mentioned there's a move to reclassify cannabis to schedule three from

03:08schedule one and that is affecting all of the cannabis stocks

Stock Market Today: Dow Futures Advance, Nasdaq, S&P 500 Retreat Despite Trump's AI Order—Broadcom, Lululemon, Tilray In Focus

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