US Futures Edge Higher After Mixed Session

US stock futures edged higher on Friday after the major averages ended mixed in the previous session.

On Thursday, the S&P 500 and Nasdaq Composite gained 0.07% and 0.18%, respectively, both setting fresh record highs.

Meanwhile, the Dow slipped 0.7% but remains higher for the week overall.

Markets have been buoyed by strong corporate earnings and positive trade developments.

Alphabet rose 1% after surpassing Q2 expectations and raising its 2025 capital spending guidance by $10 billion, reinforcing investor confidence in its AI strategy.

In contrast, Tesla tumbled 8.2% as CEO Elon Musk warned of tougher quarters ahead.

On the policy front, the Federal Reserve is widely expected to hold interest rates steady at next week’s meeting.

President Trump, following a historic visit to the Fed’s headquarters, softened his tone on Chair Jerome Powell, stating he has no plans to dismiss him.