Stock futures declined Friday after the Dow Jones Industrial Average crossed 46,000 for the first time Thursday and set a record high, joining the S&P 500 and Nasdaq Composite at all-time closing highs following U.S. inflation data that likely won't prevent the Federal Reserve from cutting interest rates when it meets next week.
These stocks were poised to make moves Friday:
Warner Bros. Discovery rose 4.3% following the stock's surge Thursday of 29% -- its largest daily percentage increase on record -- after The Wall Street Journal reported Paramount Skydance was preparing a takeover bid that would be backed by the Ellison family. Paramount's majority cash bid would be for the entire company including its cable networks and movie studio, the Journal reported, citing people familiar with the matter.
Paramount Skydance, meanwhile, was up 1.4% in premarket trading. It closed up 16% on Thursday to $17.46, a 52-week closing high, according to Dow Jones Market Data.
Super Micro Computer rose 5.9% after beginning shipments of its artificial-intelligence Blackwell Ultra solutions powered by Nvidia chips to customers worldwide. The systems includes Nvidia's plug-and-play HGX B300 system and GB300 NVL72, which are used for training AI models.
Adobe was rising 4.3% in premarket trading after posting fiscal third-quarter earnings and revenue that beat Wall Street estimates and issuing forecasts for the fourth quarter and fiscal year that also topped expectations. The creative-software company said 99% of Fortune 100 companies have used artificial intelligence in an Adobe app, and more than 40% of its top 50 enterprise accounts doubled their annualized recurring revenue spending since the start of fiscal 2023. Coming into Friday, Adobe has declined 21% this year.
Figma, an Adobe rival, was up 0.4% following a 9.6% jump Thursday. A deal for Adobe to acquire Figma for $20 billion in 2022 fell through on regulatory concerns, particularly from he European Commission and the U.K. Competition and Markets Authority.
RH was down 8.5% after the home furnishings retailer's second-quarter earnings widely missed consensus estimates and revenue came up short of Wall Street targets. The company also reduced its current fiscal-year revenue outlook, saying it expects revenue growth of 9% to 11%, down from its prior guidance of 10% to 13%. RH said its updated outlook "reflects a $30 million cost of incremental tariffs, net of mitigation, in the second half."
Figure Technology Solutions was falling 1.6% in premarket trading. Shares of the company, which uses blockchain technology to help generate home equity lines of credit, opened Thursday at $36 and ended the session at $31.11, a gain of 24% over its initial public offering price of $25.
Shares of Opendoor Technologies rose 0.2% after the real estate tech platform closed Thursday at $10.48, up 79% during the session, marking the stock's largest daily percentage increase on record. Driving the stock higher was the naming of Shopify Chief Operating Officer Kaz Nejatian as its new chief executive and reappointing co-founders Keith Rabois and Eric Wu to the board. Coming into Friday trading, Opendoor shares are up nearly 560% so far this year.