United States stock futures hovered near the flatline on Thursday night (Friday AEST), following a mixed session in regular trade amid encouraging inflation data and a temporary truce in U.S.-China tariffs.
By 9:20 am AEST (11:20 pm GMT) Dow Jones Industrial Average futures, S&P 500 futures and Nasdaq 100 futures were trading within a range of ±0.1%.
The calm in futures trading followed a mixed session on Wall Street. The S&P 500 closed Thursday up 0.4%, its fourth consecutive gain. The Dow climbed 0.7%, while the Nasdaq Composite edged 0.2% lower.
In extended trading, shares of Applied Materials fell 5.7% after reporting quarterly diluted earnings per share (EPS) of $2.39, ahead of the $2.31 expected, while revenue came in at US$7.10 billion, slightly below expectations of $7.13 billion.
Take-Two Interactive lost 2.7% after issuing full-year bookings guidance between $5.9 billion and $6.0 billion, far short of the $7.82 billion expected.
Restaurant chain Cava Group slipped 4.4% after providing full-year adjusted EBITDA guidance of $152 million to $159 million, slightly below the $159.7 million consensus from FactSet.
Markets have rebounded this week amid signs of easing global trade tensions. U.S. and Chinese officials earlier agreed to a 90-day pause on new tariffs, easing fears of escalating economic disruption.
That news, along with a softer-than-expected April wholesale inflation report showing a 0.5% monthly decline in producer prices, supported risk appetite.
Still, several major firms are sounding caution amid ongoing economic uncertainty. Walmart, for example, said it expects to raise prices on select items later this month due to rising tariff-related costs.
Looking ahead, investors will turn their attention to Friday’s economic data releases, including housing starts and the University of Michigan’s consumer sentiment survey, for further clues about the health of the U.S. economy.
