5 Things to Know Before the Stock Market Opens

• Dow, S&P 500, and Nasdaq futures were down 0.3%, 0.4%, and 0.5% respectively, with the 10-year Treasury yield rising to 4.30% near a two-month high as bond prices fell amid inflation worries
• Oil prices declined after a volatile session, with Brent crude at $107/barrel and WTI at $95, following Israeli strikes on Tehran and Iranian retaliation on Middle East energy facilities
• FedEx stock surged after beating earnings estimates and raising its full-year outlook, while Super Micro Computer plunged after its co-founder was indicted for allegedly selling billions of dollars worth of Nvidia chips to Chinese customers in violation of export restrictions

Market Summary: Stocks Poised for Fourth Consecutive Weekly Decline

Market Overview

U.S. stock futures pointed lower Friday morning, with Dow futures down 0.3%, S&P 500 futures down 0.4%, and Nasdaq futures declining 0.5%. Major indexes are tracking toward their fourth straight week of losses amid inflation concerns and uncertainty over the Iran conflict duration.

Key Market Indicators

• Oil: Brent crude fell 1.5% to $107/barrel; WTI down 1% to $95/barrel after volatile Thursday trading
• Gold: Up 1% to approximately $4,700/ounce
• 10-year Treasury yield: Rose to 4.30% from 4.28%, approaching a two-month high
• Bitcoin: Stable at just over $70,000

Middle East Developments

Israeli Prime Minister Netanyahu reported Iran has lost capabilities to produce ballistic missiles and enrich uranium—key Trump administration objectives. However, conflict duration remains uncertain. Reports indicate continued strikes between Israel and Iran, including retaliatory attacks on Middle East oil and gas facilities.

Corporate Movers

FedEx (FDX): Stock surged after beating earnings and revenue estimates, raising full fiscal year outlook. Company confirmed planned spin-off remains on track for June 1.

Super Micro Computer (SMCI): Shares plummeted after co-founder Yih-Shyan "Wally" Liaw and two employees were indicted for allegedly circumventing export restrictions by selling servers containing Nvidia chips worth billions to Chinese customers. The company stated the actions violated policies and placed employees on leave.

Nexstar/Tegna: Both stocks rallied after closing their $6 billion merger despite a lawsuit from eight states challenging the deal on antitrust grounds. The combined entity will operate 265 TV stations reaching approximately 80% of U.S. homes.