US equity futures are trading in narrow ranges on Friday, reflecting a lack of conviction among traders after a volatile week for technology stocks.
The S&P 500 and Nasdaq 100 futures are hovering near flat, while Dow Jones futures show slight weakness, indicating a continued rotation away from high-growth tech names toward more defensive sectors.
The muted pre-market activity comes as the market digests the aftermath of a sharp technology rally earlier in the week.
Investors appear cautious ahead of the highly anticipated debut of SK Hynix on the Nasdaq.
The South Korean memory chipmaker begins trading under the ticker SKHY, marking one of the largest technology initial public offerings in recent history.
The listing is expected to draw significant attention from institutional investors and could influence sentiment across the semiconductor sector.