U.S. stock futures saw modest gains on Friday, with the Dow Jones, S&P 500, and Nasdaq 100 futures each rising around 0.10%, recovering from Thursday's losses. Applied Digital led the charge with a 25.74% surge following its impressive Q3 revenue report of $64.2 million. Meanwhile, Elastic shares increased by 10.12% after announcing the acquisition of Jina AI and a $500 million share buyback plan. In contrast, USANA Health Sciences fell 13% due to a preliminary loss of $0.15 per share.
In the bond market, the 10-year U.S. Treasury yield held steady at 4.11%, while the 2-year yield remained at 3.58%. Market sentiment reflects a 94.6% probability of a Federal Reserve rate cut in October.
U.S. Stock Futures Rise as Applied Digital Jumps 25.74%
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