Key facts
- S&P 500 futures were down 0.2% to 7,688.
- Dow Jones Industrial Average futures fell 0.6% to 52,749.
- Nasdaq 100 futures were down 0.01% to 29,139.
- Brent crude eased slightly to $114.47 a barrel.
- The 10-year US Treasury yield fell to about 4.97%.
US stock futures declined on Friday, with futures tied to all three major US stock indexes falling after a steep tech sell-off on Thursday. The Nasdaq 100 plunged 2.9% on Thursday, its worst day since June, as concerns about AI spending hit tech stocks despite solid earnings from Meta and Tesla. Tesla cut its annual capital-spending estimate to $20 billion from $25 billion, raising concerns about CEO Elon Musk's conviction in his AI and robotics investments. The fallout rippled through Asia on Friday, with South Korea’s Kospi sliding as much as 4% before recovering. Brent crude oil briefly reached $114.72 a barrel Friday, its first move above $114 since May, amid Middle East tensions. Saudi officials said a drone targeting Aramco’s Shaybah oilfield was intercepted Wednesday, with no effect on operations. Investors took cover in US Treasurys during Thursday’s stock rout, driving the 10-year yield down to about 4.97%.