US stock futures dipped as Wall Street digested earnings reports from Apple (AAPL) and Amazon (AMZN) that came with warnings of economic headwinds ahead.
Futures attached to the Dow Jones Industrial Average (YM=F) slipped 0.1%. Futures attached to the benchmark S&P 500 (ES=F) slumped 0.2%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) fell 0.4%.
As of 7:36:31 PM EDT. Market Open.
YM=F ES=F NQ=F
Apple earnings beat Wall Street expectations on Thursday, but shares fell as the tech giant reported disappointing sales in China and warned of a $900 million hit from President Trump’s tariffs.
Read more: The latest on Trump’s tariffs
Amazon also issued an earnings beat that came with a curve ball. The company’s guidance for its operating income in the current quarter missed Wall Street’s expectations, sending shares lower.
The two latest Big Tech reports threw cold water on Wall Street’s elation after Microsoft (MSFT) and Meta (META) earnings stunned investors on Wednesday. The tech companies’ results sent the Nasdaq surging during the day Thursday and lifted the other indexes as well.
On Friday, Wall Street’s attention will turn to the April jobs report. The reading is the first since Trump’s “Liberation Day” tariffs, and investors will be vigilant for signs of a cooling labor market.
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Stock market coverage for Thursday, May 1, 2025.
