5 Things to Know Before the Stock Market Opens on Friday

Stocks Futures Climb After Thursday’s Sell-Off Bond Yields Steady as Government Mulls More Repurchases Bitcoin and Crypto-Related Stocks Extend Gains SpaceX Is on Pace to Finish the Week in the Red Ross Stores Stock Pops on Strong Earnings The Dow, S&P 500 and Nasdaq Composite are all on track to post losses for the week. Stock futures are pointing higher Friday after the major indexes lost ground Thursday; Treasury yields are holding steady; bitcoin and cryptocurrency-related stocks are extending their recent winning streak; SpaceX is on pace to close out the week in the red; and Ross Stores stock is surging after a strong earnings report. Here’s what you need to know today. Stocks Futures Climb After Thursday’s Sell-Off Stock futures are moving higher this morning after a steep downturn yesterday. Futures tied to the Dow Jones Industrial Average and the tech-heavy Nasdaq were up 0.6% recently, while S&P 500 futures added 0.4%. Cryptocurrency-related stocks were leading the charge as bitcoin rallied to its highest level in three months (more on that below). All three of the major indexes lost ground in yesterday’s session as bond yields marched higher. The S&P 500 has declined nearly 2% so far this week, putting the benchmark index on track to snap a three-week winning streak. WTI oil futures were holding steady just under $87 per barrel, while gold futures rose nearly 2% to $4,650 an ounce, their highest level since May. Bond Yields Steady as Government Mulls More Repurchases Bond yields are holding steady after climbing yesterday, with the government considering boosting its planned Treasury repurchases. The latest moves have erased a brief decline earlier in the week following the Treasury Department’s announcement of a plan to buy back a larger amount of longer-dated bonds . The yield on the 10-year Treasury note, which affects interest rates on consumer loans, was just under 4.70% this morning. U.S. Treasury Secretary Scott Bessent told CNBC Thursday he may look to raise ​the government’s Treasury repurchases. UBS analysts said in a note yesterday that the Treasury’s move “buys time, not a solution.” Bitcoin and Crypto-Related Stocks Extend Gains Bitcoin is rallying for a third straight day, trading just under $77,000 recently after surging above $79,000 overnight to its highest level in three months. Bitcoin has gained about 20% this week following positive comments from President Donald Trump and a series of small regulatory wins for the cryptocurrency industry . Shares of cryptocurrency-related stocks also continued their climb, with shares of major bitcoin holder Strategy ( MSTR ) surging 7% premarket and Coinbase ( COIN ) up roughly 5%. SpaceX Is on Pace to Finish the Week in the Red Some of the shine has come off SpaceX ( SPCX ). Shares of Elon Musk’s rocket, connectivity and AI company fell 4% yesterday to close at $134, a dollar under their mid-June IPO price. Thursday’s retreat marked their first close below that level since Aug. 7; the stock had this month clawed its way back from record lows to come within cents of the $150 at which they started trading on the day the offering hit the market. SpaceX is still up about 24% this month, but it’s on pace to finish this week in the red. The stock was up 1% in recent premarket trading. Ross Stores Stock Pops on Strong Earnings Shares of Ross Stores ( ROST ) are surging 8% in premarket trading after the off-price retailer posted quarterly results that topped Wall Street estimates and raised its outlook. Ross Stores said it now expects earnings per share of $8.61 to $8.77 for the full year, up from $7.50 to $7.74 previously, thanks in part to a boost from tariff refunds. Ross also raised the number of new stores it plans to open this year to 115 from 110, with CEO Jim Conroy telling investors Ross Stores believes it is “well positioned to capture additional market share.” The co...