Nasdaq Support Under Siege as Stocks Face Weekend Test

The stock market is facing a crucial test as the Nasdaq's support level comes under scrutiny. The key zone to watch remains at 687.50, with a close above Thursday's high indicating improved market sentiment.

Futures were modestly higher ahead of Friday's open, but not enough to recover Thursday's losses. Commodities were mixed, with crude oil pulling back while gold and silver traded higher.

CNR reported strong earnings, and Intel's pre-market strength provided some support for futures. However, the broader market remains range-bound, with energy continuing to outperform.

The trend changes have yet to appear across the major indexes, making disciplined risk management essential heading into the weekend.