US index futures are consistently lower on Friday as tech stocks continue to drag the broader market.

That US majors ended Thursday’s session on a mixed note, with the S&P500 and the Nasdaq Composite Indexes fell sharply during the Dow Industrials has escaped the downward trend. While earnings reports from some Dow components bolstered the blue-chip moving average, the gains also proved ruinous for the tech-heavy Nasdaq index.

Traders also reacted to the third-quarter GDP report that was brought forward, which showed faster-than-expected growth.

“The US is not currently in a recession, given the strength of the consumer sector,” jeffrey roach, chief economist for LPL Finance said. With the exception of more volatile categories, the growth path looks weak, he added.

“A deteriorating housing market and nagging inflation combined with an aggressive Federal Reserve have left the economy on shaky ground for 2023,” the economist said, adding that markets may have priced in much of the near-term recession risks.

The next five trading days are historically the best of the year for the S&P 500 Index, he said Ryan Detrickchief market strategist Carson group.

The next five trading days are the best of the year for the S&P 500.

Since 1950, stocks have gained an average of 1.62%. There isn’t a single 5-day period of the year that’s better. pic.twitter.com/7a3kJCiRrP

— Ryan Detrick, CMT (@RyanDetrick) October 28, 2022

Here’s an inside look at index futures trading:

In premarket trading on Friday, Dec SPDR…