US pre-open: Futures lower following back-to-back winning sessions
By Iain Gilbert
Date: Friday 23 Jan 2026
(Sharecast News) - Wall Street futures were in the red ahead of the bell on Friday after major indices delivered two solid consecutive performances as geopolitical tensions begun to ease.
As of 1230 GMT, Dow Jones futures were down 0.21%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.15% and 0.22% lower, respectively.
The Dow closed 306.78 points higher on Thursday, extending gains recorded in the previous session and erasing the blue chip's losses from earlier in the week.
Trade Nation's David Morrison said: "US stock index futures were firmer overnight but faded the move as the European morning proceeded.
"The S&P 500 hasn't quite managed to fill the gap that opened up due to the selloff between last Friday's close and the reopening on Sunday night. This leaves the index a touch vulnerable going into the final session prior to the weekend. If buyers are prepared to have another bash at pushing the index up towards 7,000, then that will keep the bullish trend intact. But if equities show signs of weakness today, then this would increase the likelihood that the rally is running out of steam. If so, then a significant correction may be on the cards."
On the macro front, a preliminary reading of S&P Global's manufacturing and services PMI will be released at 1445 GMT, while the University of Michigan's January consumer sentiment index will follow at 1500 GMT.
In the corporate space, Intel shares were down double digits in pre-market trading, with the chipmaker on track for its biggest one-day loss since its 26.1% drop in August 2024. Intel's losses come after it issued soft revenue and earnings guidance for the current quarter, stating it expects first-quarter revenues to be between $11.7bn and $12.7bn, and adjusted earnings per share to be breakeven.
No major earnings were slated for release on Friday.
Reporting by Iain Gilbert at Sharecast.com
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