United States stock futures ticked lower on Monday night (Tuesday AEST) as investors awaited a wave of fresh quarterly earnings reports.
By 8:20 am AEST (10:20 pm GMT), Dow Jones Industrial Average futures and S&P 500 futures had each dipped 0.1%, while Nasdaq 100 futures were down 0.2%.
In after-hours trading, NXP Semiconductors shed 7.2% despite earnings and revenue coming in ahead of expectations.
Kurt Sievers, NXP President and Chief Executive Officer noted: “We are operating in a very uncertain environment influenced by tariffs with volatile direct and indirect effects. Considering these external factors, we are redoubling our efforts to manage what is in our direct control, enabling NXP to drive solid profitability and earnings.”
The company also announced that its Sievers plans to retire, with Rafael Sotomayor set to step in as president on April 28, 2025.
F5 Networks rose 0.3% after reporting second-quarter earnings per share of $3.42 versus $3.10 expected, while revenue came in at US$731.12 million, ahead of the $718.5 million expected.
Noble Corp advanced 9.5% as quarterly revenue reached $874.5 million, surpassing expectations of $864.1 million. However, first-quarter earnings were reported at $0.26 per share versus $0.36 per share expected.
The three major benchmark averages fluctuated between gains and losses during Monday’s volatile session. The Dow Jones Industrial Average closed 0.3% higher, the S&P 500 added 0.1%, while the Nasdaq Composite slipped 0.1%.
Investors are now preparing for a busy earnings week as major tech companies prepare to report. Meta Platforms and Microsoft are set to report on Wednesday (Thursday AEST), followed by Apple and Amazon on Thursday (Friday AEST).
Traders will also be closely watching economic data due on Tuesday morning (Wednesday AEST), including reports on home prices, consumer confidence, and job openings.
