Investing.com - Wall Street futures were lower on Friday, as investors took a breather after pushing indices to record highs over the week amid optimism over the effect of U.S. President Donald Trump’s policies on the economy.
The blue-chip Dow futures were down 0.22%, the S&P 500 futures fell 0.24%, while the tech-heavy Nasdaq 100 futures slipped 0.13%.
On Thursday morning, Trump tweeted about the stock market's recent jump, citiing a ‘great level of confidence and optimism – even before the tax plan rollout!’
U.S. optimism was also boosted by a string of strong economic reports on inflation, retail sales and jobless claims this week.
In addition, Federal Reserve Chair Janet Yellen said in testimony to Congress that waiting too long to raise interest rates would be "unwise," given the rise in inflation and economic growth, sparking expectations for a rate hike as soon as next month.
The financial sector was expected to be in focus, as shares turned lower on Thursday following sharp gains earlier in the week. Bank of America (NYSE:BAC) tumbled 1.26% in pre-market trade, while Citigroup (NYSE:C) lost 1.11%.
The health sector was also likely to remain in the spotlight after Molina Healthcare Inc (NYSE:MOH) on Thursday reported a fourth-quarter loss and forecast 2017 profit far below estimates, sending shares down more than 17%. The stock managed to climb back up 0.41% after hours.
Alexion Pharmaceuticals Inc (NASDAQ:ALXN). gained 0.51% in after-hour trading and was likely to further recover from Thursday’s more than 1% drop, as the company reported a fourth-quarter profit rise.
Elsewhere, Kraft Heinz Co (NASDAQ:KHC) was another potential mover on Friday, as shares rose 0.24% in after-hour trade after plummeting 4.19% during the regular session due to a 3.1% drop in quarterly U.S. sales.
Companies scheduled to report earnings on Friday included Fluor Corporation (NYSE:FLR), Bloomin Brands Inc (NASDAQ:BLMN), Moodys Corporation (NYSE:MCO) and VF Corp (NYSE:VFC).
No majors U.S. economic reports were to be released throughout the session.