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U.S. stock futures fell on Friday morning as the postelection rally wavered and the Federal Reserve signaled it was in no hurry to keep cutting interest rates.
Futures for the Dow Jones Industrials decreased 171 points, or 0.4%, to 43,730.
Futures for the S&P 500 dipped 31 points, or 0.5%, to 5,947.50.
Futures for the NASDAQ Composite Index slipped 158 points, or 0.8%, to 20,853.75.
Shares of Applied Materials, which makes equipment for the chip industry, fell more than 7% in early trading after the company gave weak guidance for revenue in the current quarter. Domino’s Pizza jumped more than 7% after Berkshire Hathaway announced a new stake in the pizza chain.
The three major indexes are tracking to end the week lower, giving up some gains seen during last week’s climb on the back of Donald Trump’s victory in the presidential election. The NASDAQ Composite has dropped 0.9% this week, while the S&P 500 decreased 0.8% and Dow has shed 0.5%. The Dow closed above 44,000 for the first time ever on Monday.
In Japan, the Nikkei 225 moved ahead 0.3% Friday, while in Hong Kong, the Hang Seng lost 0.1%.
Oil prices dropped 19 cents to $68.51 U.S. a barrel.
Gold prices fell 40 cents to $2,572.50 U.S. an ounce.
