Stock Futures Slip to End Volatile Week of Trading; Intel Shares Plummet on Soft Outlook; Gold Sets Latest All-Time High

Stock futures pointed to a lower open ahead of the final day of a volatile week of trading, while safe-haven gold futures set their latest record. 

Nasdaq 100, S&P 500, and Dow Jones Industrial Average futures were down 0.4%, 0.3%, and 0.3%, respectively. Yesterday, major indexes closed sharply higher for a second straight session after President Donald Trump reduced tensions with European allies by backing off his threat of imposing new tariffs over Greenland.

Despite the two-day rally, the benchmark S&P 500 and tech-heavy Nasdaq entered Friday lower for the week, as indexes suffered their worst session since Oct. 10 on Tuesday. The blue-chip Dow was fractionally higher over the first four days of the week.

Amid the volatility, investors have poured money into safe-haven gold futures, which set their latest all-time high early Friday, reaching $4,970 an ounce. They were slightly higher at $4,915 an ounce in recent trading.

The yield on the 10-year Treasury—which impacts interest rates on a variety of consumer loans including mortgages—was little changed from Thursday’s close below 4.25%.

Bitcoin was trading around $88,900, slightly lower on the day. The U.S. dollar index, which tracks the value of the greenback against a basket of global currencies, was flat at 98.36. West Texas Intermediate crude futures, the U.S. benchmark, was up 1.2% to $60.05 a barrel. 

Leading stocks lower early Friday were shares of Intel (INTC), which sank 14% in premarket trading after the chipmaker issued a soft outlook and executives warned that supplies could hit a low in the current quarter.

Shares of Oracle (ORCL) ticked higher before the bell on news its cloud services will host TikTok’s American user data after the social media company formed a joint venture to comply with an executive order signed by President Trump in September to keep it operating in the U.S.

Capital One Financial (COF) stock was down 3% after it acquired credit card startup Brex for more than $5 billion.

Ericsson (ERIC) shares surged 7.5% after the Swedish maker of telecommunications equipment reported better-than-expected fourth-quarter profit, lifted it dividend, and announced a roughly $1.7 billion buyback.