Dow Jones futures dip as tech earnings weigh, Nasdaq futures slide 2% after mixed results
Dow Jones futures fell while Nasdaq futures dropped 2% following earnings reports that saw Amazon, Intel and Illumina decline and Google, ServiceNow and Fortinet also slide.
Dow Jones futures slipped in early trading after a mixed earnings day for major technology companies. Nasdaq futures fell about 2% as investors reacted to the results.
Amazon and Intel posted weaker-than-expected earnings, contributing to the downward pressure on the market. Illumina also reported a decline, adding to the tech sector’s losses.
Conversely, Google, ServiceNow and Fortinet experienced drops in their stock prices, further influencing the broader market sentiment.
Analysts noted that the combination of earnings disappointments and broader market dynamics led to the decline in futures, signaling caution among investors ahead of the trading day.