U.S. stock futures edged lower Thursday evening, with Dow Jones, S&P 500 and Nasdaq 100 futures each down about 0.1%. Major indexes had weakened during the session under pressure from rising Treasury yields and oil prices, but finished mixed. The Nasdaq Composite remained near a record high, while the Dow Jones Industrial Average and Russell 2000 both reached three-month lows.
Dow and Nasdaq Continue to Diverge
The Dow fell 0.3% on Thursday, while the Russell 2000 declined 0.11%. Both indexes touched fresh three-month lows during the session. The S&P 500 edged down but found support near its 21-day moving average. The Nasdaq Composite managed a marginal gain and remained close to the record set on Tuesday.
The Direxion Nasdaq-100 Equal Weighted ETF (QQQE), which tracks the performance of equal-weighted Nasdaq-100 constituents, fell 0.3% and tested its 50-day moving average. The Invesco S&P 500 Equal Weight ETF (RSP) dropped 0.5% to a three-month low, underscoring continued weakness in market breadth outside the largest technology stocks.
Interest rates and energy prices remained the main sources of pressure. The yield on the 10-year U.S. Treasury rose five basis points to 5.16%, its highest level in 19 years. U.S. crude futures climbed 2.7% to settle at $94.61 a barrel after reaching $96.78 intraday. Reports that the United States and Iran were discussing reopening the Strait of Hormuz and ending a U.S. blockade of Iranian vessels pulled oil prices back from the session high, although it remained unclear whether any such arrangement could be reached or sustained.
Everpure, Datadog and TSMC Draw Attention
Data-storage company Everpure (P) rose 11.15% to close at $121.88, moving above the $119.10 technical level that marked the top of a short-term consolidation. The stock remained well below its intraday high of $131.41. The company’s decision Wednesday evening to raise its fiscal 2028 revenue target, measured from February 2027, provided the main catalyst for the advance.
Datadog (DDOG) gained 2.2% to $256.92, moving back above its 50-day moving average while trading within a cup-shaped base. The pattern’s reference breakout level is $292.72. Datadog is up 11.7% for the week, although Wednesday’s close was below the session high.
Taiwan Semiconductor Manufacturing Co. (TSM) added 1% to finish at $451.15. While many semiconductor and artificial-intelligence stocks have recently paused, TSMC has held above the short-term highs formed in August and September. Tuesday’s high was $452.88, while the reference point for a traditional cup base is $479. The stock is also included in the LeaderBoard, IBD Long-Term Leaders and IBD 50 lists. Everpure is included in IBD Big Cap 20.
Akamai Jumps After Hours as Oracle Project Raises Financing Questions
Akamai Technologies (AKAM) rose more than 15% after hours after announcing a seven-year, $11.6 billion agreement with Anthropic to provide cloud infrastructure and software services. Akamai had fallen below both its 200-day and 50-day moving averages during Thursday’s regular session. Rival Fastly (FSLY) edged higher after hours.
Oracle (ORCL) has reportedly declared a force majeure arrangement for a data center under construction in New Mexico and is seeking to defer related payments if the project is delayed. The development renewed market attention on financing for artificial-intelligence infrastructure projects. Bloom Energy (BE), which will supply fuel cells for the facility, fell 3.1% on Thursday but rebounded near its 21-day moving average and formed a new consolidation pattern.
Software stocks remained relatively resilient, with shares in several subsectors, including cybersecurity, holding near important technical levels. Shares of several medical-testing companies rose after an FDA advisory panel backed a cancer-screening program from Grail (GRAL). Semiconductor and memory stocks generally pulled back, although many remained near key price levels. Gold and copper miners came under renewed pressure.
Costco Tops Estimates Slightly as Tesla Prepares Semi Event
Costco Wholesale (COST) reported fourth-quarter results that were slightly above market expectations. The stock changed little after hours and remained near an eight-month low.
Tesla (TSLA) plans to hold a Semi event at 9 p.m. Eastern time, focusing on its new factory near Reno, Nevada, which will produce electric heavy-duty trucks. Tesla shares have climbed steadily since late July but remain below an earlier, more aggressive technical entry point. The stock is also the largest holding in several ETFs managed by ARK Invest.
ETF Moves Show Ongoing Sector Rotation
Among growth-focused ETFs, the iShares Expanded Tech-Software Sector ETF (IGV) fell 0.7%, while the VanEck Vectors Semiconductor ETF (SMH) slipped 0.15%. The ARK Innovation ETF (ARKK) rose 2.15%, and the ARK Genomics ETF (ARKG) jumped 5.1%.
In sector ETFs, the SPDR S&P Metals & Mining ETF (XME) declined 1.45%. The Energy Select SPDR ETF (XLE) gained 0.4%, while the Health Care Select Sector SPDR Fund (XLV) rose 0.6%. The Industrial Select Sector SPDR Fund (XLI) fell 0.75%, and the Financial Select SPDR ETF (XLF) edged lower.
Even after several weeks of rising Treasury yields and oil prices, the S&P 500 and Nasdaq have shown some resilience. The same moves are placing clearer limits on further gains, however. In the near term, investors will continue to watch Treasury yields, crude prices and financing developments for artificial-intelligence infrastructure projects, while tracking whether individual stocks can hold key technical levels as broader market volatility persists.