Stock futures fell on Thursday night in the USA. This happened after Amazon’s shares dropped. Amazon shared its earnings, which disappointed some investors.
The Dow Jones Industrial Average futures lost 168 points, about 0.3%. The S&P 500 futures fell by 0.6%. The Nasdaq 100 futures sank by 1.1%.
Amazon’s shares fell by 11%. The company reported earnings per share that were lower than expected. Amazon also said it will spend $200 billion this year. In contrast, Reddit’s shares rose by over 3% after good earnings news.
On Thursday, technology stocks suffered again. The Nasdaq Composite dropped around 1.6%. Qualcomm’s shares fell by 8.5% after it revealed earnings. Software stocks also dipped, with a sector fund losing 5%. This week, the software sector fund has declined by more than 11%, its worst week since 2008.
Investors are looking for news from Under Armour on Friday. A jobs report will be released next week instead of this week.
