Futures tied to the major U.S. stock benchmarks moved higher on Friday, reversing earlier declines as oil prices stayed above $100 a barrel against a backdrop of continued fighting in Iran.
At 06:52 ET (10:52 GMT), the Dow futures contract was up 86 points, or 0.2%. S&P 500 futures had advanced 11 points, or 0.2%, and Nasdaq 100 futures were higher by 37 points, or 0.2%.
Several U.S. stocks stood out in premarket activity:
- Adobe - Shares fell 7.5% in premarket trading after the creative software company said its chief executive of 18 years, Shantanu Narayen, will step down and the board has launched a search for his successor. During Narayen's tenure, Adobe's annual revenue grew to $23.77 billion from $3.58 billion. The company has recently faced scrutiny over potential disruption from new artificial intelligence-enhanced tools.
- Rubrik - The cloud-data management firm ticked higher after reporting fourth-quarter results that beat expectations for earnings per share, sales, and subscription annual recurring revenue. The company said the returns underline that its platform is "an increasingly critical platform for the AI era."
- EverCommerce - Shares slumped following adjusted earnings per share that came in below analysts' estimates for the management software group.
- ServiceTitan - The software provider's stock declined despite strong fourth-quarter results, as elevated Wall Street expectations appeared to temper the market's reaction.
- PagerDuty - The company slipped after quarterly results that fell short of analysts' projections.
- Once Upon a Farm - The organic kids snack maker dropped by more than 20% after issuing a current-quarter sales forecast that failed to meet expectations.
- Ulta Beauty - Shares fell after the cosmetics retailer reported a modest miss on quarterly earnings per share and offered fiscal 2027 guidance that the market found underwhelming.
Investors watched these corporate updates alongside macro developments, with elevated oil prices and geopolitical tensions providing an additional layer of uncertainty for markets.
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