S&P 500 futures gained modestly on Wednesday night (Thursday AEDT) as traders assessed corporate earnings and looked ahead to fresh inflation data.
By 10:28 am AEDT (11:28 pm GMT) Dow Jones Industrial Average futures and S&P 500 futures lifted 0.1% apiece, while Nasdaq 100 futures gained 0.2%.
Among after-hours movers, Reddit tumbled 15.1% after the social media platform’s user numbers missed Wall Street expectations, despite beating estimates on revenue and earnings for Q4.
The Trade Desk plunged 27.3% after the advertising technology firm reported weaker-than-expected fourth-quarter revenue and issued cautious guidance.
Dutch Bros surged 23.8% following stronger-than-expected Q4 earnings and same-store sales figures, along with an upbeat full-year revenue outlook.
The muted futures movement followed a mixed session on Wall Street. The Dow fell over 200 points, and the S&P 500 declined 0.3% after the latest consumer price index (CPI) report showed inflation remained hotter than expected in January.
Meanwhile, the tech-heavy Nasdaq Composite managed a marginal gain, supported by advances of more than 4% in Palantir and over 2% in Tesla.
Investors will turn their attention to Thursday’s producer price index (PPI) release, which measures wholesale inflation. Weekly jobless claims data will also be closely watched for insights into the labour market.
Earnings season remains in focus, with Airbnb, Coinbase, and Palo Alto Networks set to report after Thursday’s closing bell.
