US Futures Drop on Disappointing Tech Earnings
US stock futures fell sharply on Friday as disappointing earnings from major technology companies dampened market sentiment. Nasdaq 100 futures dropped around 1.6%, while S&P 500 futures declined 0.6%. In after-hours trading, Amazon shares plunged 7% after missing earnings and revenue estimates, while announcing a sharp increase in capital expenditures to support growing demand for AI services. Intel also sank 23% after issuing a disappointing forecast for the current quarter, citing signs of weakness in the PC market. Meanwhile, Sandisk slipped nearly 4% despite reporting better-than-expected earnings and revenue. During Thursday’s regular session, the tech-heavy Nasdaq Composite fell 1.38%, while the Dow and S&P 500 declined 0.25% and 0.3%, respectively. Alphabet, Google’s parent company, tumbled 12.6% as weaker-than-expected search and advertising sales intensified concerns that AI could threaten its core business.
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US stock futures fell sharply on Friday as disappointing earnings from major technology companies dampened market sentiment. Nasdaq 100 futures dropped around 1.6%, while S&P 500 futures declined 0.6%. In after-hours trading, Amazon shares plunged 7% after missing earnings and revenue estimates, while announcing a sharp increase in capital expenditures to support growing demand for AI services. Intel also sank 23% after issuing a disappointing forecast for the current quarter, citing signs of weakness in the PC market.
Meanwhile, Sandisk slipped nearly 4% despite reporting better-than-expected earnings and revenue. During Thursday’s regular session, the tech-heavy Nasdaq Composite fell 1.38%, while the Dow and S&P 500 declined 0.25% and 0.3%, respectively. Alphabet, Google’s parent company, tumbled 12.6% as weaker-than-expected search and advertising sales intensified concerns that AI could threaten its core business.