Stocks were struggling for direction on Friday, as investors tried to make sense of another set of so-so Big Tech earnings.
Futures tracking the Dow Jones Industrial Average rose 106 points, or 0.2%, while contracts tied to the S&P 500 were falling 0.2%, after both indexes rebounded to hit record closing highs on Thursday. Nasdaq 100 futures were dropping 0.5%.
The gauges were probably moving in different directions because of Broadcom, which is in the S&P 500 and Nasdaq 100 but not the Dow. Its shares sank 4.5% in late trading, following a fourth-quarter earnings call in which analysts questioned the chip maker’s sales forecasts and future margins.
