US stock futures moved lower late Thursday as Amazon’s (AMZN) post-earnings slide weighed heavily on tech sentiment and investors braced for further wreckage after a bruising session on Wall Street.
S&P 500 futures (ES=F) dropped 0.7%, while Nasdaq 100 futures (NQ=F) slid 1.2%. Futures tied to the Dow Jones Industrial Average (YM=F) fell 0.4%.
The overnight moves followed a sharp sell-off during Thursday’s regular session, led once again by technology stocks. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) have now slipped into negative territory for 2026.
And after the bell, Amazon (AMZN) added to the gloom. Shares plunged over 10% in after-hours trading after the company posted earnings per share that missed Wall Street estimates and projected capital expenditures of $200 billion for the year, raising concerns about the extent of AI spend.
The risk-off tone extended beyond equities. Bitcoin (BTC-USD) continued sliding, touching levels not seen since 2024, while silver (SI=F) resumed its decline after a recent surge fueled by retail investor interest. Strategy (MSTR) revealed a loss for the quarter that was precipitated by bitcoin’s sell-off, sending shares down.
Earnings also drove Reddit (RDDT) upward after reporting a quarterly earnings beat, issuing upbeat guidance, and announcing a stock buyback program. Roblox (RBLX) shares also surged. Looking ahead, investors will focus on earnings from Toyota (TM) and Philip Morris (PM), due before Friday’s opening bell.
Meanwhile, the closely watched nonfarm payrolls report, originally scheduled for Friday, has been pushed to Wednesday next week following the resolution of the federal government shutdown. But other data this week has shown fresh signs of trouble for the labor market, as job openings sank to their lowest level since 2020 and layoff announcements surged.