United States stock futures traded slightly higher on Thursday night (Friday AEDT) following a sharp sell-off in artificial intelligence-related shares that pushed major benchmarks lower.
By 10:45 am AEDT (11:45 pm GMT), Dow futures rose 0.2%, while S&P 500 futures added 0.1% and Nasdaq 100 futures traded flat.
In extended trading, Intuit shares jumped 3.5% after reporting first-quarter earnings per share (EPS) of $3.34, beating $3.09 expected, while revenue came in at $3.88 billion versus $3.76 billion expected.
Gap rose 4.9% as its third-quarter same-store sales jumped 5%, aided by the viral “Better in Denim” campaign.
Ross Stores also gained 2.8% after exceeding both top and bottom-line forecasts.
Earlier in the session, strong third-quarter results from Nvidia briefly lifted the Dow; however, the company ended the day 3.2% lower, contributing to broader losses, with the stock on track for its worst month since March.
At the U.S. close, the Dow fell 386 points, or 0.8%, the S&P 500 dropped 1.6%, and the Nasdaq slipped 2.2%.
Market sentiment was further influenced by delayed September jobs data, showing stronger-than-expected job growth but a modestly higher unemployment rate.
The week has been broadly negative for U.S. equities, with the S&P 500 down 2.9%, the Dow falling nearly 3%, and the Nasdaq shedding 3.6%.
