United States stock futures were little changed on Monday night (Tuesday AEST), following a broad sell-off on Wall Street as investors assessed the risk of renewed escalation in the Middle East.
By 10:30 am AEST (12:30 am GMT), futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 were trading within a narrow range of ±0.1%.
In after-hours trading, Palantir shares fell 2.7% despite delivering better-than-expected first-quarter figures. The data analytics firm reported adjusted earnings per share of $0.33, ahead of forecasts of $0.28, while revenue of $1.63 billion also exceeded expectations of $1.54 billion.
Paramount Skydance shares edged 1.2% higher after posting quarterly earnings per share of $0.23 on revenue of $7.35 billion, surpassing market expectations of $0.15 per share on $7.28 billion in revenue.
Duolingo shares dropped about 13.6% after reporting weaker-than-expected user growth. The language-learning platform said monthly active users reached 137.8 million in the first quarter, falling short of analyst estimates of 145.6 million.
Pinterest shares surged 15.5% after delivering stronger-than-expected results, with adjusted earnings of $0.27 per share and revenue of $1.01 billion, beating forecasts of $0.23 per share and $965.84 million in revenue.
Overnight, U.S. equities moved lower across the board, with the Dow falling 1.1%, the S&P 500 declining 0.4%, and the Nasdaq Composite slipping 0.2%.
Sentiment was weighed down by reports that Iran had launched drones and missiles at the United Arab Emirates (UAE), raising concerns that a fragile ceasefire between Washington and Tehran could unravel.
Looking ahead, market participants will turn their attention to a busy earnings calendar, with companies including Pfizer, DuPont, PayPal, HSBC, and Shopify set to report before Tuesday’s opening bell.
On the economic front, traders will also monitor the latest U.S. trade deficit figures and the Job Openings and Labor Turnover Survey (JOLTS), both of which may provide further insight into the strength of the U.S. economy.
