Dow Jones Today: Stock Futures Slip Ahead of Economic Data Releases as S&P 500, Nasdaq Look to Extend Winning Streaks

Stock futures are slightly lower Thursday as investors digest a handful of noteworthy earnings reports and await economic data that’s due to be released this morning.

Futures tied to the Dow Jones Industrial Average and S&P 500 were down 0.4% recently, while those linked to the tech-heavy Nasdaq declined 0.6%. The S&P 500 enters the session on a three-day winning streak, while the Nasdaq Composite has closed higher in each of the past six sessions.

Stocks have surged recently as global trade tensions have dissipated and data on the U.S. economy has remained encouraging, even as concerns persist about the potential impact of tariffs on inflation, economic growth and corporate profits. Investors will be closely watching reports on retail sales, wholesale inflation, industrial production and jobless claims that are scheduled to come out before the opening bell.

Mega-cap technology stocks, which have led the recent rally as investor risk appetite has returned, were down across the board in premarket trading Thursday. EV maker Tesla (TSLA) and chipmaker Broadcom (AVGO) were both down 2%, while Apple (AAPL), Nvidia (NVDA), Amazon (AMZN) and Meta Platforms (META) each dropped about 1%. Microsoft (MSFT) and Alphabet (GOOG) fell slightly.

Shares of Dow component Walmart (WMT) were up 0.5% after the world’s largest retailer posted better-than-expected quarterly profit and maintained its full-year guidance. UnitedHealth Group (UNH), another Dow member, fell 7% after The Wall Street Journal reported that the U.S. Department of Justice is investigating the embattled health insurance provider for possible criminal Medicare fraud.

Among other noteworthy movers this morning, Cisco (CSCO) rose nearly 3% after the networking-equipment provider reported results that beat Wall Street expectations on the top and bottom lines. Shares of Alibaba (BABA) slid about 5% after the Chinese e-commerce giant reported disappointing results.

The yield on the 10-year Treasury note, which affects borrowing costs on all sorts of personal and business loans, was at 4.52%, after closing yesterday at 4.53%, its highest level in more than two months. The U.S. dollar index, which measures the performance of the dollar against a basket of foreign currencies, was down 0.2% at 100.88.

Gold futures, which have lost ground recently as investor risk appetite has returned, were down 0.1% at $3,185 an ounce. West Texas Intermediate futures, the U.S. crude oil benchmark, slipped 3.3% to $61.05 per barrel, continuing a volatile run for the commodity.

Bitcoin was at $102,300, down from $103,600 yesterday afternoon and losing ground for the second straight day. The digital currency surged above $100,000 last week for the first time since February.