US Futures Drop as Amazon Drags

2026-02-05 23:56 By Jam Kaimo Samonte 1 min. read

US stock futures fell on Friday, led lower by a sharp decline in Amazon shares following earnings, as the broader technology selloff deepened.

Nasdaq 100 futures slid more than 1%, while S&P 500 and Dow futures were down 0.7% and 0.4%, respectively.

In extended trading, Amazon shares tumbled over 10% after the company said it expects to ramp up capital spending to about $200 billion this year, with much of the outlay directed toward AI projects and infrastructure.

The guidance disappointed investors already uneasy about the scale and sustainability of massive AI investments.

On Thursday, the S&P 500 and Nasdaq Composite fell 1.23% and 1.59%, respectively, with both benchmarks posting a third consecutive session of losses.

The Dow also dropped 1.2%.

Chipmakers came under pressure after Qualcomm sank 8.5% on a cautious outlook tied to softer memory demand and inventory headwinds.

Software stocks also extended declines amid growing concerns that AI could disrupt the sector.



News Stream
The Dow Jones Index Opens 1.08% Higher
The Dow Jones Index is up by 549 points or 1.08 percent on Thursday. Top gainers are UnitedHealth (4.86%), Merck (3.61%) and American Express (2.75%).
2026-06-04
US Stocks Trade Mixed on Thursday
US equity indices were mixed on Thursday as fresh pressure on the AI economy offset support from some respite in Treasuries. The S&P 500 dropped 0.5% and the Nasdaq 100 fell 1%. Broadcom sank 15% despite beating earnings estimates, as its forecast for AI chip revenue fell short of most expectations. The signals reignited lingering concerns that the surge in AI capital expenditure by the largest companies in the US, which have carried US equity indices in recent quarters, may not be sustainable. Also, Crowdstrike also slipped over 10% after posting its earnings. Still, energy prices trimmed their increase last sessions on signals that the US is attempting to strike a deal with Iran. Bonds were also supported by the increase in job cuts per the latest data. The Dow added over 1% with support from defensive stocks as P&G and J&J added 2%. Blackstone gained 1.5%, rebounding from the slump yesterday despite being the latest private credit firm to cap withdrawals.
2026-06-04
Chip Producers Weigh on US Futures
US equity futures were mixed on Thursday as fresh pressure in the AI economy pressured the tech sector, offsetting support from some respite for Treasuries. The S&P 500 dropped 0.5% and the Nasdaq 100 fell 1.4%. Broadcom sank over 10% in premarket trading despite beating earnings estimates, as its forecast for AI chip revenue fell short of most expectations. The signals reignited lingering concerns that the surge in AI capital expenditure by the largest companies in the US, which have carried US equity indices in recent quarters, may not be sustainable. Also, Crowdstrike also slipped over 10% after posting its earnings. Still, energy prices trimmed their increase last sessions on signals that the US is attempting to strike a deal with Iran. Bonds were also supported by the increase in job cuts per the latest data. The Dow added over 0.5%. Financial services and consumer staples companies rebounded from their slump yesterday, with JPMorgan and P&G adding over 1%.
2026-06-04