United States stock futures were little changed on Thursday evening (Friday AEST) as markets digested a wave of corporate earnings, following a positive session driven by news of a preliminary trade deal framework between the U.S. and the United Kingdom.
As of 8:30 am AEST (10:30 pm GMT), Dow Jones Industrial Average futures, S&P 500 futures, and Nasdaq 100 futures each traded within a range of ±0.1%.
In extended trading, Affirm Holdings dropped 9.7% as the company’s fourth-quarter revenue forecast of US$815 - $845 million fell short of expectations.
Expedia slid 7.9% after revenue missed came in slightly below market estimates at $2.99 billion versus $3.01 billion expected.
Coinbase declined 2.8% as revenue came in below forecasts, with management citing ongoing macroeconomic uncertainty as a potential drag on future performance.
Cloudflare gained 8.2% after delivering revenue that exceeded expectations.
Lyft rose 8.1%, buoyed by an increase in its share buyback programme.
Pinterest surged 15.6% after the company reported first-quarter revenue of $854.99 million - up 16% year-on-year and ahead of $846.5 million expected.
During regular trading hours on Thursday, major indices closed higher. The Dow Jones Industrial Average and the S&P 500 rose 0.6% apiece, and the Nasdaq Composite advanced 1.1%.
Market sentiment was supported by President Donald Trump’s announcement of an initial trade agreement with the U.K. - the first such deal since the administration’s introduction of new "reciprocal" tariffs last month.
While final details are pending, Trump confirmed a 10% baseline tariff will remain on U.K. imports.
Attention is also turning to upcoming U.S.-China trade discussions. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are scheduled to meet with Chinese officials in Switzerland over the weekend.
For the week, the S&P 500 is tracking a 0.4% decline, while the Nasdaq is set to fall 0.3%. The Dow Jones is showing a modest 0.1% gain, positioning it for a third consecutive week of gains.
