US Futures Decline as Apple, Amazon Report Disappointing Earnings

U.S. stock futures slipped following disappointing earnings guidance from Apple and Amazon, with both companies citing increased costs and risks due to tariffs and trade policies. Apple warned of an additional $900 million in costs for the upcoming quarter, while Amazon offered weaker-than-expected guidance and highlighted tariff concerns. Despite these setbacks, stocks had risen earlier in the week, buoyed by strong earnings from Meta Platforms and Microsoft, which fueled optimism around artificial intelligence investments. The broader market saw the S&P 500 and Nasdaq achieve notable winning streaks, largely driven by better-than-expected first-quarter earnings from a majority of S&P 500 companies. Investors are now turning their attention to the April jobs report for further insight into the U.S. economy and labor market. Analysts note that while tariff-related uncertainty remains, robust tech sector earnings have been a key driver of recent market gains.