Futures tied to the S&P 500 rose 0.2%, while Nasdaq 100 futures gained 0.4%, and Dow Jones futures hovered around the flatline on Friday, following a strong session the day before in which the S&P 500 posted its largest daily gain of the month. Investor sentiment remains supported by expectations that the Fed will have scope to continue cutting interest rates next year. Oracle shares climbed more than 4% in premarket trading, providing an additional boost after TikTok agreed to sell its US operations to a new joint venture involving Oracle and private-equity firm Silver Lake. Micron Technology added 1.6%, extending its 10% surge from Thursday. On the downside, Nike shares plunged more than 10% after the company reported weaker revenue in China, while higher tariffs weighed on gross margins. FedEx traded little changed, as its quarterly results failed to impress investors. For the week so far, the S&P 500 is up 0.8%, the Dow Jones has gained 1%, while the Nasdaq is down 0.8%.