(Sharecast News) - Wall Street futures were in the green ahead of the opening bell on Friday, with tech leading a modest rebound after the previous session's pullback triggered by a disappointing revenue update from OpenAI.
As of 1250 BST, Dow Jones futures were uo 0.07%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.36% and 0.75% firmer, respectively.
The Dow closed 51.77 points higher on Thursday on the back of strong performance from defensive stocks as the AI sector came under pressure after CNBC reported that OpenAI had told investors its annualised revenues had reached $50bn at the end of September - well below the widely circulated $68bn figure last month, which a source later said had included gross revenue from partners.
As for Friday's early moves, tech shares were firmer ahead of the open, helped by a 4% jump in SpaceX after the Elon Musk‑led group agreed to acquire a nationwide spectrum portfolio. The move sparked concerns over heightened competition in the telecoms sector, leaving AT&T, Verizon and T‑Mobile weaker in pre‑market action.
On the macro front, a preliminary reading of the University of Michigan's October consumer sentiment index will be published at 1500 BST.
In the corporate space, Delta Air Lines cut its 2026 profit outlook after missing earnings estimates for the first time in two years, citing persistently high fuel costs, though chief executive Ed Bastian said demand remained resilient. The carrier now expects full‑year adjusted earnings of $5.10 to $5.60 per share, well below July's $6.50 to $7.50 forecast, with fourth‑quarter guidance also coming in under analyst expectations. Delta additionally reduced its free‑cash‑flow outlook to $2.5bn, down from as much as $4bn previously.
Reporting by Iain Gilbert at Sharecast.com