United States futures edged lower on Thursday night (Friday AEDT) as investors continued to navigate earnings volatility and rising political uncertainty in Washington.
By 11 am AEDT (12 am GMT) Dow futures, S&P 500 futures, and Nasdaq 100 futures each lost 0.1%.
In extended trading, Apple shares rose less than 0.5% after the company reported stronger-than-expected fiscal first-quarter results, helped by robust revenue from its iPhone 17 models launched in September.
Data storage group Sandisk surged 14.5% after issuing solid guidance, boosting confidence in demand trends across parts of the hardware and storage market.
By contrast, Visa shares slipped nearly 1.3% in after-hours trade despite reporting better-than-expected fiscal first-quarter figures. The payments company posted adjusted earnings per share (EPS) of $3.17 on revenue of $10.9 billion, versus expectations for EPS of $3.14 and revenue of $10.69 billion.
Deckers Outdoor, the maker of Ugg boots and Hoka trainers, jumped 14.1% after providing a 2026 outlook that exceeded market forecasts, suggesting continued strength in its key brands.
During the regular session, the S&P 500 slipped 0.1%, while the technology-heavy Nasdaq Composite fell 0.7%. The Dow Jones Industrial Average bucked the trend, rising 0.11%, or nearly 56 points.
A sharp post-earnings decline in Microsoft weighed heavily on the broader market. The stock dropped about 10%, marking its worst one-day fall since March 2020, after the company reported a modest slowdown in Azure cloud growth and issued softer guidance for operating margins in the fiscal third quarter. The results fuelled concerns that artificial intelligence could disrupt established software business models, triggering a broader sell-off in the sector.
Despite the recent pullback, major indices remain modestly higher for the week. The S&P 500 and Nasdaq have each gained nearly 0.8% week to date, while the 30-stock Dow is down close to 0.1% over the same period.
Investors are also monitoring developments in Washington. The Senate failed to advance a procedural vote on a government funding package, raising the risk of a partial federal government shutdown.
