U.S. Stock Futures Mixed Amid Weak Earnings and Trade Concerns
U.S. stock futures traded mixed early Thursday as investors weighed lackluster corporate earnings against lingering trade tensions. Nasdaq 100 and S&P 500 futures edged up 0.23% and 0.15% respectively, while Dow Jones Industrial Average futures dipped 0.12% at 4:32 a.m. EDT.
Tech stocks remained under pressure following reports of potential new export controls on advanced computing and AI technologies to China. The sector dragged major indices lower during Wednesday's session, with the S&P 500 falling 0.53%, the Dow losing 0.71%, and the Nasdaq Composite declining 0.93%.
Corporate earnings provided little relief. Tesla shares slid after hours despite beating sales estimates, while IBM dropped on disappointing guidance. Market participants continue monitoring the federal government shutdown for potential economic Ripple effects.
