US Stock Futures Drift Amid Valuation Concerns: Markets Wrap

Equity markets took a breather at the end of an up-and-down week dominated by speculation about the sustainability of the blistering global equity rally.

Contracts on the S&P 500 were steady, with the gauge on track for a modest weekly gain after it closed at record highs twice before pulling back the next day. Intel Corp. rose in premarket trading after the US government-backed chipmaker introduced new products. Qualcomm Inc. declined as China started an antitrust probe into its acquisition of a connected-vehicle technology firm.

Crude oil fell for a second day as adeal to end the war in ...