After a promising week, U.S. stock index futures fell in early Asian trading. Dow Jones futures dropped around 114 points, down 0.3%, while S&P 500 futures and Nasdaq 100 futures declined by 0.3% and 0.5% respectively. Meanwhile, oil prices saw a slight increase, and Bitcoin fell below $94,000.
Last week, U.S. stocks rose for the fourth consecutive day, with the S&P 500 and Dow Jones marking their longest winning streak since January. The Dow Jones increased by 2.5%, the S&P 500 surged 4.6%, and the Nasdaq Composite soared 6.7%, achieving their best weekly performance since April 11.
The tech sector rallied following a strong earnings report from Alphabet, Google's parent company. This has sparked optimism for upcoming earnings reports from major tech companies, including Apple (AAPL, Financial), Amazon, Meta Platforms, and Microsoft.
