U.S. stock futures showed a mixed pattern on Thursday, as investors braced for Amazon’s earnings and evaluated the latest developments from Alphabet, following a downturn in technology shares earlier in the session.
As of 4:24 P.M. (GMT+7), Dow Jones Industrial Average futures slipped by 0.29%, or 142.70 points, to 49,358.20 points, while S&P 500 futures fell by 0.03%, or 2.20 points, to 6,880.50 points. Nasdaq 100 futures, however, edged up by 0.13%, or 31.50 points, to 24,922.70 points.
Renewed attention on quarterly performance, particularly among leading technology and AI firms, is driving market sentiment. Alphabet shares fell almost 2% to $327.07 after the company outlined considerably higher investments in artificial intelligence for the year.
Despite this, manufacturers linked to AI, including Nvidia and Broadcom, experienced a boost. Meanwhile, memory chipmakers faced declines after Qualcomm’s forward-looking projections disappointed investors, even though the company reported earnings ahead of expectations.
Market participants are closely monitoring further earnings reports, with Amazon’s results due later today. Additionally, upcoming weekly jobless claims numbers are being watched for signs of labor market conditions.
In digital assets, the cryptocurrency sector experienced volatility after Treasury Secretary Scott Bessent stated that there would be no government intervention to support bitcoin in the event of further declines. Bitcoin’s price hovered near $71,000 following these comments.
