Market Overview
S&P 500 futures rose 0.3% on Friday, with Nasdaq-100 futures up 0.5% and Dow Jones futures gaining 0.2%, as investors aimed to regain ground from this week’s sell-off.
Key Movers
Paramount Global jumped over 6% after surpassing earnings estimates and announcing a 15% workforce reduction. Conversely, E.l.f. Beauty fell 9% following cautious guidance.
Thursday’s Rebound
Stocks rebounded Thursday, with the S&P 500 posting a 2.3% gain, its best session since November 2022. The Dow surged nearly 683 points (1.8%), and the Nasdaq Composite rose 2.87%, driven by easing labor market concerns.
Outlook
Despite recent gains, major indexes are still down for the week. Investors appear to view the pullback as a healthy correction, but volatility is expected to persist.
