US equity futures are weaker following a mixed Thursday close, with Asian markets broadly lower and European equities trading firmer. Markets remain focused on mounting speculation that President Trump will name former Fed Governor Kevin Warsh as the next Fed chair, a development seen as hawkish and prompting a rebound in the dollar, higher yields, and pressure on risk assets and precious metals. US equities saw downside concentrated in technology, with Microsoft weighing on sentiment after earnings, partially offset by strength in Meta, while broader cyclicals and energy outperformed amid rising geopolitical risk tied to Iran. Attention is also on earnings momentum, and on macro signals that continue to support a resilient-growth narrative despite elevated volatility and shifting Fed rate-cut expectations.

Companies Mentioned: SpaceX, xAI, Tesla, CK Hutchison Holdings, Meta Platforms