United States stock futures edged lower on Thursday evening (Friday AEST) as markets digested mixed earnings results from Amazon and Apple, while attention turned to the closely-watched nonfarm payrolls report.
As of 8:50 am AEST (10:50 pm GMT), Dow Jones Industrial Average futures were little changed, while S&P 500 futures slipped 0.2% and Nasdaq 100 futures fell 0.4%.
Amazon dropped 2.3% in after-hours trading, despite reporting better-than-expected quarterly earnings.
Apple also slipped 3.8% after reporting a second-quarter results, as figures failed to impress Wall Street amid concerns over rising costs, including an expected US$900 million increase in the current quarter related to tariffs.
Block shed 18.5% following a revenue miss, posting $5.77 billion against expectations of $6.19 billion.
Airbnb slipped 3% after the company reported results in line with expectations, while forward guidance came in below estimates.
Reddit surged 6% after delivering beats on both revenue and earnings, coupled with upbeat guidance.
Atlassian sank 17.4% after issuing cautious guidance despite exceeding third-quarter earnings and revenue expectations.
These moves follow a strong start to May, as optimism around artificial intelligence companies reignited gains. The Dow Jones added 0.2%, the S&P 500 gained 0.6%, and the Nasdaq Composite surged 1.5% to close at a five-week high.
Both the S&P and Dow posted their eighth consecutive daily gains and touched four-week highs.
Investors are now bracing for the release of April’s nonfarm payrolls data on Friday. Markets are expecting 130,000 new jobs added, marking a significant slowdown from March’s 228,000.
The unemployment rate is forecast to remain steady at 4.2%.
