United States stock futures fell Tuesday night (Wednesday AEDT) following a revenue miss from Google-parent Alphabet, despite the major averages closing the regular session higher.
By 10:25 am AEDT (11:25 pm GMT) Dow Jones Industrial Average futures eased 0.1%, S&P 500 futures declined by 0.2%, and Nasdaq 100 futures were down 0.4%.
Alphabet dropped 7.7% after reporting fourth-quarter revenue of US$96.5 billion, slightly below estimates of $96.62 billion. The company also announced plans to spend $75 billion on capital expenditures in 2025, with estimated capex of $57.9 billion for the year.
Snap surged 5.3% after reporting a 14% year-over-year revenue increase to $1.56 billion, surpassing analyst expectations.
AMD fell 9% despite exceeding earnings estimates, while first-quarter revenue guidance of $6.8 billion to $7.4 billion was in line with expectations.
Lumen Technologies rose 10.1% after beating both revenue and earnings estimates.
Chipotle Mexican Grill saw a 5.5% decline after fourth-quarter comparable sales missed projections, posting 5.4% growth versus the expected 5.67%. Total revenue increased 13.1% to $2.8 billion.
Enphase Energy jumped 7.7% after exceeding earnings expectations and providing strong guidance for the full year, forecasting revenue between $340 million and $380 million, supported by battery shipments of 150 to 170 megawatt hours.
Wall Street is coming off a positive session, with the Nasdaq Composite and S&P 500 gaining nearly 1.4% and 0.7%, respectively, while the Dow added 0.3%. Strong results from Palantir, which reached a fresh record high, contributed to the broader market gains.
Investors largely shrugged off new tariff concerns after China imposed duties of up to 15% on U.S. imports of coal and liquefied natural gas, alongside a 10% tariff increase on crude oil, farm equipment, and select cars. This followed President Donald Trump’s recent announcement of a 10% tariff on Chinese goods.
Meanwhile, the U.S. has agreed to pause additional tariffs on Canada and Mexico.
Earnings season continues Wednesday with Walt Disney and Uber Technologies set to report before the market opens.
Investors will also be watching for key economic data, including the ADP private payrolls report, international trade figures, and the ISM Services Index.
