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US futures climb as market eyes weekly streak

Bloomberg Markets •
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S&P 500 Index futures rose 0.2% at 7:50 a.m. New York time, pushing the benchmark toward its longest run of weekly gains since 2023. The modest uptick signals renewed appetite for risk after a mixed earnings week, and it sets a positive tone for the opening bell.

Pre‑market scans highlighted a handful of heavyweights moving sharply, with Apple gaining near 1.5% on upbeat iPhone guidance and Microsoft slipping 1.2% after a muted cloud forecast. Energy shares rallied on higher crude prices, while small‑cap financials lagged. The divergence underscores sector‑specific catalysts that could shape intraday trading ranges.

Broad market breadth showed limited participation, with the Nasdaq 100 edging up 0.3% while the Dow Jones Industrial Average slipped 0.1%. Defensive sectors such as utilities and consumer staples held steady, suggesting investors balance growth bets with capital preservation. The mixed signal could temper the rally’s durability.

Investors will watch the Fed’s policy curve and upcoming corporate reports for clues on momentum. With futures already up, a strong start could lock in a weekly gain, but volatility remains if headline data disappoints. For now, the market trades on optimism anchored by the longest weekly streak since 2023. Any surprise in inflation data could quickly reverse the early gain.