US equity futures showed modest gains on Friday, with Dow Jones futures climbing 0.35% to around 52,070, according to FX Street. The S&P 500 and Nasdaq 100 futures also advanced, rising 0.21% and 0.08% to near 7,460 and 28,650 respectively, despite ongoing geopolitical tensions and elevated oil prices.
Deutsche Bank highlighted that the S&P 500 and Nasdaq had experienced sharp declines earlier due to surging oil prices and stagflation concerns weighing on risk assets. Weak earnings from major tech firms Tesla and Alphabet contributed to the Mag 7 index suffering its largest daily loss since 2025, reflecting investor caution in the sector.
For Japanese investors, these developments underscore the continued sensitivity of global equities to energy price fluctuations and tech sector earnings, factors that remain critical as Japan's export-driven economy watches US market signals closely.