S&P 500 futures were little changed early Friday as traders sought to recover from the previous day's oil-driven sell-off, with Brent crude prices falling below $100 per barrel and the steepest one‑day drop in a month easing. The Dow Jones Industrial Average slipped 20 points, Nasdaq‑100 futures fell 0.26%, and major indexes remained on track for weekly losses despite the steadier tone.

In regular trading the Dow dropped more than 500 points (~1%), marking its fifth negative day in six, while the S&P 500 and Nasdaq posted their worst one‑day performances since June 23, down 1.2% and 2.2% respectively. Asian markets mirrored the weakness: Japan’s Nikkei 225 fell 2.79%, the Kospi dropped over 5%, and Australia’s S&P/ASX 200 was 0.95% lower. Brent crude had surged past $100 on Thursday after Houthi attacks on Saudi tankers in the Red Sea, prompting comments from Adam Turnquist of LPL Financial about poor positioning for upside surprises.

Quarterly results from Tesla (down nearly 15%) and Alphabet (down 7%) weighed on tech shares, whereas SAP gained 3% in pre‑market trade on a 27% jump in cloud order backlog. European markets opened mixed, Treasury yields held flat at 4.705% (10‑year) and 5.175% (30‑year), and Singapore’s GIC reported a six‑year low 20‑year annualized return of 3.4%. The Korea Exchange briefly halted Kospi trading after a 5% futures drop, and Japan’s June core inflation rose to 1.6% as higher oil prices began to spill into the wider economy.