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Stock Futures Daily Update 28

U.S. stock futures experienced a slight decline on Thursday night as investors responded to the latest round of corporate earnings, which included results from tech giants Amazon and Intel, as well as social media platforms Snap and Pinterest.

stock futures chart

Dow Jones Industrial Average futures fell by 30 points, or 0.09%, while the S&P 500 and Nasdaq 100 futures slipped 0.04% and 0.1%, respectively. The decline came after a strong trading session for major averages, with the Dow Jones Industrial Average and S&P 500 notching their best day since January. Meanwhile, the Nasdaq Composite jumped 2%, posting its best day since March.

Amazon shares dropped about 2% in extended trading after initially rising following the release of the online retailer’s first-quarter results. In contrast, Intel shares climbed more than 6% after the semiconductor firm exceeded estimates on the top and bottom lines.

Snap tumbled 17% in extended trading due to a revenue miss, while Pinterest shares fell 13% after issuing disappointing second-quarter revenue growth expectations.

Despite mixed results, 79% of the 235 S&P 500 companies that have reported earnings so far have seen positive surprises, according to FactSet data. Economists are also keeping an eye on the latest personal income and spending data, due out Friday, with core prices expected to have risen 0.3% in March from the prior month. The final reading of the April consumer sentiment data is also set to be released on Friday and is anticipated to show a reading of 63.5.

As of Thursday’s close, the Dow is on pace for a 1.7% gain in April, while the S&P 500 is up about 0.6%. However, the Nasdaq Composite is set to be the biggest laggard, down 0.65% this month.



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