Dow, S&P 500, Nasdaq futures plummet as Amazon’s earnings flop set to deepen tech rout
U.S. stock futures fell late Thursday as Amazon’s (AMZN) post-earnings slide weighed heavily on tech sentiment and investors braced for more destruction following a bruising session on Wall Street.
S&P 500 futures (ES=F) fell 0.3%, while Nasdaq 100 futures (NQ=F) fell 0.5%. Futures tied to the Dow Jones Industrial Average (YM=F) fell 0.2%.
The overnight moves follow a sharp sell-off, once again led by technology stocks, during Thursday’s regular session. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) have now shifted into negative territory for 2026.
And after the bell, Amazon (AMZN) also added to the pessimism. Shares tumbled more than 10% in after-hours trading after the company reported earnings per share that missed Wall Street forecasts and forecast $200 billion in capital spending for the year, raising concerns about the size of its AI spending.
The risk-averse tone has extended beyond stocks. Bitcoin (BTC-USD) continued to fall, touching levels not seen since 2024, while silver (SI=F) continued its decline after a recent rally fueled by interest from retail investors. Strategy (MSTR) posted a loss in the quarter, fueled by a sell-off in Bitcoin and sending shares tumbling.
Earnings also pushed Reddit (RDDT) higher after it reported an increase in quarterly earnings, issued optimistic guidance and announced a share buyback program. Roblox (RBLX) shares also rose. Going forward, investors will focus on earnings from Toyota (TM) and Philip Morris (PM) due to be released before the opening bell on Friday.
Meanwhile, the closely watched nonfarm payrolls report, originally scheduled for release on Friday, Postponed to Wednesday next week Following the decision to shut down the federal government. But other data this week showed new signs of trouble for the labor market, with job openings falling to their lowest level since 2020 and layoff announcements rising.
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