US stock futures dipped late Thursday as Amazon’s disappointing earnings weighed heavily on technology sector sentiment, causing investors to brace for potential instability following a challenging trading session on Wall Street. S&P 500 futures fell by 0.7%, while Nasdaq 100 futures plummeted by 1.2%. Futures linked to the Dow Jones Industrial Average also saw a decline of 0.4%.
These overnight movements followed a significant sell-off during Thursday’s trading, where technology stocks led the way down. Both the S&P 500 and the Nasdaq Composite indexes have now slipped into negative territory for 2026, reflecting a broader trend of weakness in the market.
Amazon’s post-earnings report added to the negative sentiment, with shares plummeting over 10% in after-hours trading. The tech giant reported earnings per share that fell short of Wall Street estimates, combined with a troubling forecast projecting capital expenditures of $200 billion for the year. This projection raised alarms about the company’s spending on artificial intelligence, further heightening investor anxiety.
The somber mood extended beyond equities. Bitcoin continued its downward trajectory, reaching levels that hadn’t been seen since 2024, while silver resumed a decline following a brief surge that had been driven by heightened interest from retail investors. Additionally, MicroStrategy reported a loss for the quarter tied to the downturn in bitcoin prices, causing its shares to slide.
In contrast, some companies found success amidst the turmoil. Reddit saw its shares rise after reporting an earnings beat for the quarter, issuing positive guidance, and announcing a stock buyback program. Similarly, Roblox experienced a surge in its stock price.
Looking ahead, investors will focus on impending earnings reports from major companies such as Toyota and Philip Morris, which are expected before the market opens on Friday.
In an unexpected shift, the eagerly anticipated nonfarm payrolls report, initially scheduled for Friday, has now been postponed until Wednesday next week. This change comes in the wake of the resolution of the federal government shutdown. Recent economic data has highlighted growing concerns in the labor market, as job openings have fallen to their lowest levels since 2020, alongside a significant rise in layoff announcements.
The upcoming stock market coverage will be essential for investors navigating these turbulent times.
