U.S. stock futures slipped Friday as investors digested more corporate earnings ahead of key inflation data. Netflix (NASDAQ:NFLX) stock surged 7.3% after the streaming giant decided against increasing its bid for Warner Bros Discovery (NASDAQ:WBD), which fell 1.4%. This suggests Paramount Skydance (NASDAQ:PSKY), up 6.4%, has become the likely winner of a longstanding corporate battle for the Hollywood stalwart.

Block (NYSE:XYZ) stock jumped 20% after the payments company announced it will cut over 4,000 jobs, nearly half its workforce, as part of an overhaul to embed artificial intelligence across its operations. Dell Technologies (NYSE:DELL) gained 12% after the PC maker posted better-than-expected fourth-quarter earnings that benefited from an accelerating corporate pivot toward artificial intelligence infrastructure.

Carter's (NYSE:CRI) stock slumped 9.7% after the children's apparel company's fiscal 2026 guidance disappointed investors, even as it excludes potential impacts from recent tariff developments. CoreWeave (NASDAQ:CRWV) fell 11% after the cloud computing company reported a wider fourth-quarter loss and widely missed adjusted operating margin estimates, even as revenue edged higher. The market moves reflect investors weighing corporate restructuring efforts, earnings surprises, and ongoing industry consolidation across technology, entertainment, and retail sectors.