--- title: "Futures Hike to End Week" type: "News" locale: "en" url: "https://longbridge.com/en/news/293760141.md" description: "Global stock futures rose on Friday, stabilizing after a sharp decline driven by oil price spikes and weak earnings. The TSX edged higher, while US indices like the Dow and S&P 500 gained ground. Intel surged on strong Q2 results. Oil prices fell but remain elevated due to Middle East tensions. Macro data showed mixed signals, with Canada's industrial product prices declining month-over-month. Major averages are on track for weekly losses despite the Friday rebound." datetime: "2026-07-24T12:59:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293760141.md) - [en](https://longbridge.com/en/news/293760141.md) - [zh-HK](https://longbridge.com/zh-HK/news/293760141.md) --- # Futures Hike to End Week Futures tracking Canada's blue-chip stocks index edged higher on Friday, after tech and consumer discretionary shares led the index lower in the previous session, while tensions in the Middle East remained in focus. The TSX dropped 292.45 points to conclude Thursday at 35,192.66. September futures gained 0.3% early Friday. The Canadian dollar ditched 0.1% cents to 71.03 cents U.S. Oil prices slipped, but were still on track for weekly gains over concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U.S.-Israeli war on Iran. Earlier in the week, Trump had imposed a 50% tariff on a range of Canadian imports. However, the U.S. is aiming for interim trade deals with Canada and Mexico by the end of 2026. Elsewhere in the macroeconomic world, Statistics Canada’s Industrial Product Price Index declined 1.4% month over month in June and gained 12.4% year over year. The Raw Materials Price Index decreased 6.9% month over month in June and increased 20.7% year over year during the same month. Its new housing price index sank 0.1% in June, compared to a 0.3% loss in May. ON BAYSTREET The TSX Venture Exchange dropped 7.37 points Thursday to 873.98. ON WALLSTREET Stock futures were broadly higher on Friday, stabilizing after a tough session in which a sharp spike in oil prices and lackluster earnings from two megacap companies pressured the broader equity market. Futures for the Dow Jones Industrials jumped 194 points, or 0.4%, to 52,088 Futures for the S&P 500 acquired 14.5 points, or 0.6%, to 7,494.25 Futures for the NASDAQ Composite hiked 21.75 points, or 0.1%, to 28,642.50 Intel shares jumped 3% in premarket trading after the chipmaker’s second-quarter results exceeded Wall Street’s expectations. Notably, the company’s revenue grew 25% — its strongest for any period since the third quarter of 2011. Helping sentiment as well, the recent rally in oil prices lost momentum Friday. The moves come after the Dow dropped more than 500 points, or around 1%, on Thursday for its fifth negative day in six. The S&P 500 and NASDAQ had their worst one-day performances since June 23, dropping 1.2% and 2.2%, respectively. The major averages are now on pace for weekly declines. The Dow has shrunk 0.8% and S&P 500 has shed 0.7%. The NASDAQ has underperformed, losing 1.5%. In Japan, the Nikkei 225 dropped 2.7%, while in Hong Kong, the Hang Seng wilted 1%. Oil prices sank $2.65 to $89.54 U.S. a barrel. 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