US stock index futures mixed as investors weigh earnings
Dow and S&P 500 futures are little changed while Nasdaq 100 futures edge lower as investors digest recent tech earnings and await Thursday’s producer inflation data.
Dow and S&P 500 futures were little changed on Thursday, while Nasdaq 100 futures edged lower as investors digested the latest batch of tech earnings.
In extended trading, Cisco Systems fell 4% after the tech firm’s sales outlook linked to the AI data center boom came in below expectations.
Photonics company Coherent and AI chipmaker Cerebras Systems also declined 3% and 16%, respectively, following disappointing quarterly results.
On the economic front, investors awaited Thursday’s producer inflation data after Wednesday’s consumer price index report showed relatively stable core inflation, reducing pressure on the Federal Reserve to raise interest rates.
In regular trading on Wednesday, the S&P 500 and Nasdaq Composite gained 0.26% and 0.54%, respectively, while the Dow slipped 0.04%.