FX.co ★ US Futures Slip After Apple, Amazon Earnings

On Friday, U.S. stock futures experienced a downturn as investors assessed the earnings reports from tech giants Apple and Amazon, while also anticipating the release of the April jobs report. In post-market trading, Apple saw a drop of nearly 4% following its announcement of an anticipated $900 million increase in costs this quarter due to tariffs. Amazon also declined by over 2% after providing weaker-than-expected guidance and expressing concerns over tariff-related risks. The focus is now shifting to the April employment report, scheduled for release later today, which may provide new insights into the economic implications of evolving trade policies. On Thursday, the Dow saw an uptick of 0.21%, the S&P 500 rose by 0.63%, and the Nasdaq Composite surged by 1.52%, driven by robust earnings from Meta Platforms and Microsoft, which bolstered optimism in the artificial intelligence sector.