US stock futures were rising Friday, a day after the S&P 500 and Nasdaq Composite both posted solid gains but fell just shy of setting record closing highs. U.S. Commerce Secretary Howard Lutnick said the U.S. had reached a trade agreement with China.

These stocks were poised to make moves Friday:

Nike reported fiscal fourth-quarter earnings that beat analysts' estimates but fell sharply from a year earlier. Sales in the quarter fell 12% to $11.1 billion but topped expectations of $10.7 billion. "While our financial results are in-line with our expectations, they are not where we want them to be," said Elliott Hill, Nike's new CEO, who added, however, that the sneaker and athletic apparel company "expects to improve as a result of the progress" it has been making under its turnaround strategy. The shares jumped 10% after Nike said it anticipates first-quarter revenue to decline in the mid-single digits year over year, a stark improvement from the fourth quarter's sales decline, and a better than the 7% drop analysts had been expecting.

Nvidia was up 0.5% in premarket trading. The maker of artificial-intelligence chips maintained its place as the largest company in the U.S. by market capitalization on Thursday, closing at a record $155.02, up 0.5%, and with a value of $3.782 trillion.

Cyngn shares jumped another 71% in premarket trading. The shares soared 171% on Thursday after the autonomous vehicle technology company was featured in a blog post by Nvidia.

Coinbase Global also set an all-time closing high on Thursday. The cryptocurrency exchange rose 5.5% to $375.07. It has gained 51% in 2025. In premarket trading, Coinbase rose 1.2%.

US-listed shares of Li Auto dropped 3.2% after the Chinese electric vehicle maker reduced its vehicle delivery forecast for the second quarter of 2025.

Palantir Technologies fell 0.6% in the premarket session. Shares of the data analytics company finished Thursday with a gain of 0.9% and set a record closing high of $144.25. Palantir has risen 91% this year, riding a frenzy of investing in the artificial-intelligence space.

Tesla was up 0.4%. The Wall Street Journal reported that Omead Afshar, a top lieutenant to CEO Elon Musk who just last year was placed in charge of sales and manufacturing operations in North America and Europe, left the electric-vehicle company. Tesla has been hit with falling sales in several markets, particularly in Europe and China.

Concentrix, the technology and services provider, posted fiscal second-quarter earnings that missed analysts' estimates on revenue of $2.42 billion that beat Wall Street estimates of $2.38 billion. The company expects third-quarter adjusted earnings of $2.80 to $2.91 a share versus analysts' expectations of $2.92. The stock fell 9.2%.

Shares of Core Scientific were up 3.9% after soaring 33% on Thursday following a report from The Wall Street Journal that said CoreWeave was in talks to acquire the digital-infrastructure company. The report cited people familiar with the matter. CoreWeave tried unsuccessfully last year to buy Core Scientific. CoreWeave rose 1.8% in premarket trading.