US Stocks-Wall St futures muted as higher oil prices temper risk appetite after S&P record close

At 06:07 a.m. ET, Dow E-minis YMcv1 were down 64 points, or 0.12%, and S&P 500 E-minis EScv1 were up 5.75 points, or 0.07%. Nasdaq 100 E-minis NQcv1 were up 54.25 points, or 0.18%.

Applied Materials AMAT.O fell 5.4%, even after the chip equipment maker forecast fourth-quarter revenue above Wall Street estimates. The stock has more than doubled so far this year.

Reddit RDDT.O jumped 12.4% after the social media company was selected to join the S&P 500 index, effective August 18.

Fox Corp's FOXA.O Class A shares gained 2.1% after J.P. Morgan upgraded the media company to "overweight" from "neutral."

Shares of some drone makers gained after President Donald Trump said late on Thursday that he would impose tariffs on imports of drones and their components.

Red Cat RCAT.O jumped 7.1%, Unusual Machines UMAC.A added 13% and AeroVironment AVAV.O gained 3%.