Stock Market

Dow, S&P 500, Nasdaq futures despite Apple, Amazon results pointing to trouble ahead


US stock futures climbed after a day of Wall Street digesting 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) and the benchmark S&P 500 (ES=F) climbed 0.7%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) ascended 0.5%.

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.

LIVE 1 update

  • Gold sinks as tech earnings pull investors out of haven

    Gold (GC=F) is heading for consecutive weekly losses for the first time in 2025 after a record-breaking run for the commodity. The haven asset touched $3,500 last week before starting a sharp decline as tech earnings have pulled investors back into the stock market despite recent trade war-induced volatility.

    Bloomberg reports:

    Read more here.



Source link

Leave a Response