S&P 500 seeks to end four-week losing streak

U.S. stock futures were steady as the S&P 500 aimed to end a four-week losing streak. On Thursday night, futures for the S&P 500 rose slightly by 0.1%. This comes after major stock indexes experienced a downturn. The S&P 500 fell by 0.2%, the Dow dropped 0.03%, and the Nasdaq declined by 0.3%. Concerns over the economy and rising inflation are affecting market confidence. Despite the Federal Reserve's forecast for two interest rate cuts this year, there is worry about slow economic growth. Fed Chair Jerome Powell mentioned that tariffs may delay economic improvements. According to strategist Michael Green, many companies are hesitant about making decisions due to this uncertainty. The month has been tough for stocks, especially for the Nasdaq, which is over 10% below its recent peak. The S&P 500, however, is showing signs of recovery, projecting a 0.4% gain for the week. The Dow is also up by 1.1%, its best performance since January. Yet, the Nasdaq is expected to face its fifth consecutive week of losses. In company news, FedEx shares dropped more than 4% after it missed profit expectations but exceeded revenue forecasts. Conversely, Micron's shares jumped 4% due to a positive earnings outlook, surpassing analyst predictions. Nike's stock rose 2% after it reported better-than-expected earnings and revenue, although sales were down compared to last year. Stock futures opened near even on Thursday night, with slight increases for the S&P 500, Dow Jones, and Nasdaq 100.