Pre-market futures are up but on a downward trajectory after recent all-time-high closes on the S&P 500 and Nasdaq. Big Banks like JPMorgan, Citigroup, Wells Fargo, and Goldman Sachs, along with Johnson & Johnson and Domino’s Pizza, are set to report earnings next week. The AI trade continues to drive market gains, with companies like NVIDIA and Broadcom leading the way.

The University of Michigan Consumer Sentiment survey is expected to show a slight decrease in October to 53.5 from September’s 55.1. Inflation expectations among consumers have also ticked down, indicating less impact from tariffs than previously anticipated. The report will be released at 10 am ET today.

Monthly U.S. Federal Budget figures for September and next week’s Consumer Price Index and Producer Price Index results are on hold due to the ongoing federal government shutdown. The uncertainty surrounding Congress’ budget resolution has delayed these key economic indicators. Market participants await further developments to assess the impact on the stock market.

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Read more at Nasdaq: Pre-markets Up Slightly to Start Friday Trading