United States stock futures ticked lower on Wednesday evening (Thursday AEST), as investors digested the Federal Reserve’s latest policy stance and a wave of after-hours corporate earnings.
By 8:45 am AEST (10:45 pm GMT) Dow Jones Industrial Average and S&P 500 futures were down 0.1%, while Nasdaq-100 futures traded flat.
In extended deals, AppLovin soared 13.7% after beating quarterly expectations. The company reported earnings per share (EPS) of $1.67, above the $1.44 forecast. Revenue came in at US$1.48 billion versus $1.38 billion expected.
Arm Holdings slid 11.1% after issuing weak guidance. The chip designer expects adjusted EPS of 30 to 38 cents in the current quarter. Revenue guidance also fell short of expectations despite solid fourth-quarter results.
Bumble jumped 6.8% despite reporting flat user growth and lower revenue of $247.1 million, down 8% year-on-year.
Zillow dropped 4.7% after warning of continued housing market challenges.
Looking ahead, investors await key economic reports on Thursday, including weekly jobless claims and the New York Fed’s Survey of Consumer Expectations later in the day.
Earnings season continues on Thursday, with ConocoPhillips and Shopify due to report before the opening bell, while Coinbase and Cloudflare are set to post results after market close.
