US stock futures edged lower late Thursday, as Wall Street took a breather following two straight sessions of gains sparked by cooling geopolitical tensions.
Dow Jones Industrial Average futures (YM=F) slipped around 0.1%. S&P 500 (ES=F) futures were also down about 0.1%, while Nasdaq 100 futures (NQ=F) underperformed, falling roughly 0.3%.
In extended trading, Intel (INTC) shares sank more than 10% after the semiconductor giant issued a weaker-than-expected outlook for the first quarter, weighing on tech sentiment.
Earlier in the day, stocks climbed for a second consecutive session as investors grew more comfortable due to Trump cooling his rhetoric over acquiring Greenland. The Dow (^DJI), S&P 500 (^GSPC), and Nasdaq Composite (^IXIC) all posted significant gains.
The rally gained momentum Wednesday after Trump reversed course on proposed tariffs targeting imports from eight European countries that had been scheduled to take effect Feb. 1. The move followed Trump’s announcement of what he described as a “framework” agreement involving Greenland, reached alongside NATO Secretary General Mark Rutte.
On the back of the unpredictable market moves, gold (GC=F) pushed over $4,900 for the first time on record. Goldman Sachs (GS) predicts the precious metal will continue to push higher, upping the gold price forecast to $5,400 by the end of this year.
This week’s rebound helped the Dow recover losses posted earlier in the week, leaving the index just higher for the week. Still, the S&P 500 and Nasdaq Composite remain on pace for their second straight weekly declines, down 0.4% and 0.3%, respectively.
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Stock market coverage for Friday, January 23, 2026.