Oil prices fell slightly in Asian trade on Friday as traders locked-in recent profits, with crude headed for a weekly gain as a bumper U.S. interest rate cut helped quell some fears of slowing demand. 

U.S. stock index futures traded in a muted fashion Friday, consolidating after a rally in technology stocks powered Wall Street to record highs, hit by weaker-than-expected earnings from delivery giant FedEx. 

iPhone 16 resale prices on September 20, the first day of shipment, have “collapsed within the first three hours of trading,” Jefferies revealed in a note.

The U.S. dollar edged higher Friday, but remained under pressure after the Federal Reserve’s large interest rate cut, while sterling rose strongly after healthy UK retail sales data. 

Bitcoin’s price rose to a three-week high on Friday and was headed for a strong week as risk appetite was boosted by an outsized interest rate cut by the Federal Reserve.

Gold prices rose in Asian trade on Friday as the dollar fell following an outsized interest rate cut by the Federal Reserve, with markets cheering the prospect of further reductions in rates.