U.S. stock futures were softer on Friday morning as traders digested volatile but elevated oil pricing and followed developments related to the conflict in Iran. By 07:46 ET (11:46 GMT), the Dow futures contract was down 151 points, or 0.3%, S&P 500 futures had fallen 30 points, or 0.4%, and Nasdaq 100 futures slipped 150 points, or 0.6%.
Energy names showed mixed moves as oil wavered near the flatline amid continued regional tensions. Chevron ticked higher, while peer Exxon Mobil was broadly unchanged.
Among individual stocks, logistics giant FedEx stood out in early trade, jumping more than 9% in the premarket. The company raised its full-year profit outlook despite the backdrop of geopolitical uncertainty and reported fiscal third-quarter profit and revenue that beat expectations, driven in part by solid holiday-period demand.
In the aerospace and satellite segments, Planet Labs surged after delivering fourth-quarter revenue that exceeded analyst expectations. York Space Systems also rose after providing its first revenue guidance since listing publicly; analysts at JPMorgan Chase characterized the guidance as solid, and York reported narrower fourth-quarter losses.
Not all moves were upward. Super Micro Computer slumped sharply after U.S. authorities charged one of the company's co-founders with illegally diverting billions of dollars worth of servers enhanced with Nvidia technology to China. The legal action drove heavy selling pressure in the premarket session for the server maker.
Smaller-cap and specialist names recorded mixed results. Figs Inc. advanced after Oppenheimer upgraded the medical-scrubs retailer to an "outperform" rating. Firefly Aerospace climbed following better-than-anticipated fourth-quarter revenue from the spacecraft manufacturer. Rhythm Pharmaceuticals rose on news that U.S. regulators had expanded the indication approval for its treatment for acquired hypothalamic obesity to include patients aged four years and older.
The early session highlighted cross-sector volatility, with energy, logistics, aerospace, semiconductors and specialty healthcare stocks all registering notable moves as traders balanced company-specific news against broader market and geopolitical dynamics.
Market context - Futures weakness reflected a risk-off tone driven by oil swings and geopolitical headlines. At the same time, company-level developments - including earnings beats, upgraded guidance, regulatory approvals, and legal charges - produced sharp, stock-specific reactions in the premarket.