Indexes closed lower on Thursday, with the tech-heavy Nasdaq falling almost 1%, led by a slide in mega-cap tech stocks like Apple and Nvidia.

Dow, S&P 500, and Nasdaq futures are rising in premarket trading Friday on the last day of Joe Biden's presidency as the stock market braces for change under Donald Trump.

US equity indexes fell in choppy midday trading Wednesday as investors weighed an unexpected drop in jobless claims with Federal Reserve Governor Christopher Waller's view that inflation remains on an easing trajectory.

U.S. stocks opened mostly lower on Wednesday morning, a day after rising Treasury yields triggered a sharp selloff on Wall Street. The Dow Jones Industrial Average was flat, at around 42,529 as of 9:30 a.

Stocks struggled to make headway after a solid rally, while bond yields dropped on dovish remarks from Federal Reserve Governor Christopher Waller.

US stock futures rose Thursday, lifted by a fresh slew of earnings releases and a revival of Federal Reserve policy-easing bets.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC,

Federal Reserve governor Christopher Waller said Wednesday that he believes inflation is still trending lower, a backdrop that could allow the Fed to continue cutting interest rates this year.

Investors are coming off a strong session after a moderate improvement in core inflation in December’s consumer price index spurred a risk-on rally.

The S&P 500 and the Dow Jones Industrial Average were down Wednesday morning while the Nasdaq composite was slightly up.

Federal Reserve Governor Christopher Waller said ... inflation numbers through March," Waller said. In addition, inflation measured on a shorter 6-month average has been on a downward trend.

Bank of America and Morgan Stanley earnings are out. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

The Fed’s preferred inflation gauge, the personal-consumption-expenditures price index, rose 2.4% in November from a year earlier. Excluding volatile food and energy, the gauge rose 2.8%.