U.S. stock index futures rose on Friday, keeping Wall Street on track to end the week on a positive note, marked by a U.S.-China tariff truce and soft inflation data, while investors focused on a likely vote on President Donald Trump's sweeping tax bill.

House Budget Committee Chairman Jodey Arrington had warned a vote on the tax legislation, planned for Friday, could be delayed due to opposition to the measure.

Market Snapshot

At 8:18 a.m. ET, Futures tied to the Dow Jones Industrial Average added 161 points, or 0.4%. S&P 500 futures gained 0.3%, Nasdaq-100 futures up 0.4%. Advanced Micro Devices, SUPER MICRO COMPUTER INC up 3%; NVIDIA, Alphabet up 2%.

Pre-Market Movers

UnitedHealth rose 3.4% in premarket trading. Shares of the insurance and healthcare company tumbled 11% on Thursday to $274.35, a 52-week low, after The Wall Street Journal reported the Justice Department was investigating UnitedHealth for possible criminal Medicare fraud. On Tuesday, shares fell 18% after the company's CEO stepped down and UnitedHealth suspended its 2025 outlook. The stock has fallen for eight consecutive sessions, declining more than 32% over the span, according to Dow Jones Market Data. It has tumbled 46% this year.

Applied Materials reported fiscal second-quarter adjusted earnings that topped analysts' estimates but shares of the largest chip-equipment maker in the world fell 5% after a disappointing revenue outlook. Applied Materials said it anticipates third-quarter revenue in a range that at the midpoint of $7.2 billion was slightly below consensus of $7.22 billion.

U.S.-listed shares of Novo-Nordisk A/S were down 4% after it was announced that Lars Fruergaard Jørgensen would step down as CEO of the Danish maker of GLP-1 drugs Ozempic and Wegovy.

Videogame maker Take-Two Interactive Software was down 1.4% as it posted a mixed fourth quarter and said it expects fiscal 2026 revenue of between $5.95 billion and $6.05 billion, below Wall Street estimates of $7.91 billion. Take-Two's results follow the company's announcement earlier this month that publishing label Rockstar Games would delay the release of Grand Theft Auto VI to May 26, 2026.

Charter will combine with private broadband company Cox Communications in a deal with an enterprise value of $34.5 billion. Charter shares rose 4%.

Netflix rose 0.6% after the streaming service closed up 2.3% on Thursday to $1,177.98, a record high. Netflix finished with a market cap of $501.3 billion, the first time it closed above $500 billion.

Meta Platforms, Inc. is delaying the rollout of a flagship artificial-intelligence model, people familiar with the matter told The Wall Street Journal. Engineers have been struggling to significantly improve the capabilities of its large-language model, the people said. The stock fell 2.4% on Thursday and was down slightly in premarket trading.

Shares of Coinbase Global, Inc. gained 3% after the cryptocurrency exchange closed down 7.2% on Thursday after disclosing that it was the v ictim of a data breach that could cost up to $400 million, and after The New York Times reported on a Securities and Exchange Commission investigation into possible misrepresentation of the company's user numbers. Coinbase told Barron's in an email that the probe was "a hold-over investigation from the prior administration about a metric we stopped reporting two and a half years ago, which was fully disclosed to the public."

Doximity, Inc. sank 17% after the online medical platform reported better-than-expected fiscal fourth-quarter adjusted earnings and revenue but forecast revenue in its current first quarter that missed analysts' estimates. The company said it expects first-quarter revenue of $139 million to $140 million, below analysts' projections of $143.3 million. Doximity's fiscal-year revenue outlook also was shy of forecasts.

Market News

Donald Trump Says US Will Set New Tariff Rates for Scores of Countries

Donald Trump has held out the prospect that the US will set new tariff rates on many of its trading partners unilaterally, rather than striking deals with all of them.

Speaking at a meeting with business executives in the United Arab Emirates on Friday, the US president said that Washington would impose new tariffs “over the next two to three weeks”.

He added that Treasury secretary Scott Bessent and commerce secretary Howard Lutnick would “be sending letters out essentially telling people” what “they’ll be paying to do business in the United States”.

Trump said that, while “150 countries” wanted to agree deals, “it’s not possible to meet the number of people that want to see us”.

Novo Nordisk CEO to Step Down as Competition Weighs on Wegovy Maker’s Share Price

Novo-Nordisk A/S CEO Lars Fruergaard Jørgensen is stepping down, the Wegovy-maker said Friday, citing recent market challenges.

The Danish pharmaceutical giant said Fruergaard Jørgensen would remain in his post “for a period to support a smooth transition to new leadership.” It added that the search for a replacement was ongoing and an announcement would be made in due course.

Shares were down 4% shortly after the announcement.

The decision comes as Novo Nordisk’s share price has taken a battering over the past year amid increased competition in the ballooning obesity drug market and disappointing trial results for its next-generation treatments.

Virgin Galactic Stock Soars on Big EPS and Revenue Beats

Shares of Virgin Galactic soared 15% in premarket trading on Friday after the aerospace company reported earnings for its first quarter of Fiscal Year 2025. Earnings per share came in at -$2.38, which beat analysts’ consensus estimate of -$2.68 per share. In addition, sales fell by 77% year-over-year, with revenue hitting $460,000. Still, this beat estimates of $286,000.

Looking forward, management expects Q2 2025 free cash flow to land between -$115 million and -$105 million. Although SPCE expects to continue burning cash, CEO Michael Colglazier reaffirmed that the company’s first spaceflight using its new Delta SpaceShips is slated for summer 2026, with a payload of scientific research. The company also plans to launch private astronaut spaceflights shortly after, starting in fall 2026. Indeed, it expects future astronaut sales to open in Q1 of 2026.