U.S. stock futures were trading higher in APAC trades early Friday, following a negative session in benchmark indexes overnight amid continued volatility in trading as investors Investors turn around and withdraw money from riskier assets in the face of central bank tightening monetary policy.
The Dow Jones closed little changed at 34,160.78, the S&P 500 fell 0.5% to 4,326.51 and the Nasdaq Composite fell 1.4% to 13,352.78.
Dow Jones futures are up 0.59%, S&P 500 futures are up 0.74%, and Nasdaq 100 futures are up 1.21%.
Big tech companies ended mixed, with Amazon.com Inc (NASDAQ:AMZN) up 0.55%, Microsoft Corporation (NASDAQ:MSFT) up 1.05%, Twitter Inc (NYSE:TWTR) up 0 .65 percent, Netflix Inc (NASDAQ: NFLX) was up 7.5%, while NVIDIA Corporation (NASDAQ: NVDA) was down 3.64%, Advanced Micro Devices Inc (NASDAQ: AMD) was down 7.33%, Alphabet Inc ( NASDAQ: GOOGL) fell 0.18% and Block Inc (NYSE: SQ) fell 4.83%.
Electric vehicle makers rose, with Tesla Inc (NASDAQ:TSLA) down 11.55%, Rivian Automotive Inc (NASDAQ:RIVN) down 10.5% and Lucid Group Inc (NASDAQ:LCID) down 14.1% .
In extended deals, Apple Inc (NASDAQ:AAPL) jumped 5.37% after its single-quarter report for its biggest-ever revenue, with sales up more than 11% amid challenges on supply and the lingering effects of the pandemic.
Visa Inc (NYSE:V) rose 5.26% after better-than-expected earnings, Western Digital Corporation (NASDAQ:WDC) fell 8.53% despite strong earnings reports while Robinhood Markets Inc (NASDAQ: HOOD) fell 11.11% after the company delivered disappointing revenue forecasts for the first quarter of 2022, while earnings reported a decline in user numbers. .
On policy news, the Fed said on Wednesday that it may soon raise rates for the first time in more than three years as part of its historically easy monetary tightening.
In the bond market, the US 10-year yield is at 1,803%.
