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Stocks Little Changed Friday

GOOG

U.S. stock futures slumped early Friday to end a week that saw the broader market reach a record level.

Futures for Dow Jones Industrials fell 151 points, or 0.6%, early Friday, to 27,518.

Futures for the S&P 500 slid 20.5 points, or 0.6%, at 3,360.25.

Futures for the NASDAQ Composite tumbled 59 points, or 0.5%, to 11,418.25.

Earlier this week, the S&P 500 broke above its late-February high and notched a fresh all-time high. The NASDAQ Composite also hit a record on Thursday. The S&P 500 ended Thursday's session up 0.4% for the week while the NASDAQ was up over 2% week to date.

The lion's share of those gains has been driven by strong gains in Big Tech stocks. Apple is up nearly 3% this week and became the first publicly traded company in the U.S. to reach a market valuation of $2 trillion. Amazon and Alphabet have rallied over 4% this week and Microsoft is up 2.7% in that time.

The latest data on U.S. existing home sales is due for release Friday at 10 a.m. ET.

Overseas, in Japan, the Nikkei 225 gained 0.2% Thursday, while in Hong Kong, the Hang Seng index picked up 1.3%.

Oil prices dropped 67 cents to $42.15 U.S. a barrel.

Gold prices deleted $25.60 to $1,920.90.



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