United States stock futures retreated on Thursday night (Friday AEDT) as a sharp decline in Amazon shares added to Wall Street’s technology-led sell-off, prompting investors to reduce risk exposure.
By 10:45 am AEDT (11:45 pm GMT), Dow futures lost 0.3%, S&P 500 futures dipped 0.6%, and Nasdaq 100 futures slid 1.1%.
In extended trading, Amazon shares tumbled 10.9% after the e-commerce giant reported fourth-quarter earnings of $1.95 per share, narrowly missing analysts’ consensus estimates of $1.97. The company also flagged expectations for capital expenditure of around $200 billion in 2026, which unsettled investors already cautious about rising spending among large technology firms.
Elsewhere, Reddit shares rose 4% after the social media platform delivered fourth-quarter earnings ahead of expectations. The company also issued upbeat guidance for 2026 and announced a $1 billion share buyback programme.
Shares in Atlassian dropped more 4.4% despite results that narrowly exceeded forecasts. The workplace software company said it expects full-year revenue growth of about 22%, just ahead of the 21.1% consensus estimate.
Shares of Strategy, the bitcoin holding company, fell 4% in extended trading after plunging 17.1% during the regular session. The company reported a widened fourth-quarter loss of $42.93 per share, compared with a loss of $3.03 a year earlier, as the value of bitcoin declined sharply.
Microchip Technology shares slipped 6.7% after the semiconductor company reported fiscal third-quarter results that modestly beat expectations. Adjusted earnings came in at 44 cents per share on revenue of $1.19 billion, slightly above forecasts of 41 cents and $1.18 billion.
Thursday night’s moves followed a negative session on Wall Street, where technology stocks once again dragged major indices lower.
The Nasdaq Composite fell about 1.6%, weighed down in part by an 8.5% post-earnings slump in Qualcomm shares. The Dow Jones Industrial Average and the S&P 500 each dropped 1.2%, with the S&P 500 and Nasdaq now both in negative territory for 2026.
Investors are now looking ahead to Under Armour’s earnings, due before the market opens on Friday. Attention will also turn to next week’s U.S. nonfarm payrolls report, which was delayed by the recently resolved federal government shutdown, according to the Bureau of Labor Statistics.
