United States stock futures traded slightly higher on Thursday night (Friday AEDT) as investors focused toward corporate earnings results and key inflation data.
By 10:50 am AEDT (11:50 pm GMT) Dow futures, S&P 500 futures, and Nasdaq 100 futures gained 0.1%, 0.2%, and 0.3%, respectively.
In extended deals, NetApp fell 14.2% after reporting results for the third quarter of fiscal year 2025, with sales and forward guidance coming in below expectations.
Autodesk added 1.4% after reporting strong fourth-quarter results, with revenue growing 12% year over year. The company also announced that it’s cutting 9% of its workforce, or about 1,350 people.
Dell Technologies lost 2.4% despite exceeding fourth-quarter EPS expectations, as the company offered conservative guidance for the first quarter.
Duolingo shed 6.9% despite reporting new highs in revenue, users, and bookings last quarter, beating analyst estimates.
Investors remain on edge following President Donald Trump’s tariff announcement and recent economic data pointing to potential weakness.
Attention now shifts to Friday’s release of the personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure.
Economists expect prices to rise 0.3% from December, reflecting an annualised increase of 2.5%. Core PCE, which excludes food and energy, is projected to climb 0.3% month-over-month and 2.6% year-over-year.
