United States futures traded mixed on Tuesday night (Wednesday AEDT) after a rotation out of technology shares pulled the broad market index lower in the previous session.
By 11 am AEDT (12 am GMT) Dow futures ticked up 0.1%, S&P 500 futures remained flat, while Nasdaq 100 futures fell 0.1%.
In extended trading, Chipotle Mexican Grill dropped 5.5% after the restaurant chain reported that customer traffic declined for a fourth consecutive quarter and projected flat same-store sales growth for 2026.
Advanced Micro Devices fell 8.1%. The chipmaker said it expects first-quarter revenue of $9.8 billion, plus or minus $300 million, compared with analysts’ expectations of $9.4 billion.
Clorox slipped 2.6% after reporting fiscal second-quarter adjusted earnings per share (EPS) of $1.39, below market expectations of $1.43.
Match Group rose 7% after the online dating company reported fourth-quarter EPS of $0.83 on revenue of $878.01 million, beating expectations of $0.71 cents per share and $871.71 million.
Enphase Energy jumped 20.4% after the solar and battery systems supplier issued first-quarter revenue guidance of $270 million to $300 million, above $262.2 million expected. Fourth-quarter adjusted EPS came in at $0.71 versus $0.59 expected, while revenue was reported at $343.32 million versus $338.44 million expected.
Super Micro Computer gained 7.5% as demand for its AI-optimised servers helped fiscal second-quarter results surpass forecasts and prompted the company to raise its annual revenue outlook. Adjusted EPS of $0.69 exceeded estimates of $0.49, while revenue came in at $12.68 billion, topping the $10.42 billion expected.
During the regular session, major U.S. indices declined as investors shifted away from higher-growth technology stocks. The S&P 500 fell about 0.8%, the Nasdaq Composite dropped 1.4%, and the Dow Jones Industrial Average lost nearly 167 points, or 0.3%, after reaching a record earlier in the day.
Nvidia and Microsoft each fell more than 2%, while other artificial intelligence-related companies, including Broadcom, Oracle and Micron Technology, also closed lower.
Software stocks were among the weakest performers, with ServiceNow and Salesforce dropping nearly 7%. The technology sector led losses in the S&P 500, down more than 2%.
Investors are monitoring a busy earnings calendar, with Alphabet due to report on Wednesday (Thursday AEDT) and Amazon scheduled to release results on Thursday (Friday AEDT).
