U.S. stock futures were lower in early trade on Monday as a post-earning slide from Amazon.com Inc (AMZN) weighed heavily on tech sentiment, with investors bracing for further collapse after a painful session on Wall Street.
S&P 500 futures (ES=F) fell 0.1% and Nasdaq 100 futures (NQ=F) fell 0.3%. Futures tied to the Dow Jones Industrial Average (YM=F) fell 0.1%.
The overnight move follows a sharp sell-off during Thursday’s regular trading session, with technology stocks again leading the way lower. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) have now slipped into negative territory for 2026.
After the bell, Amazon (AMZN) added insult to injury. The company reported earnings per share that missed Wall Street expectations and forecast capital expenditures of $200 billion this year, raising concerns about the scale of artificial intelligence spending and causing the company’s shares to plunge more than 10% in after-hours trading.
The risk-off tone is not limited to the stock market. Bitcoin (BTC-USD) continued its slide, hitting its highest level since 2024, while silver (SI=F) resumed its decline after a recent surge driven by retail investor interest. Strategy (MSTR) revealed a loss during the quarter due to a Bitcoin selloff, sending shares lower.
Earnings also drove Reddit (RDDT) higher after reporting better-than-expected quarterly earnings, issuing upbeat guidance and announcing a stock buyback plan. Roblox (RBLX) shares also surged. Looking ahead, investors will be focused on earnings from Toyota (TM) and Philip Morris (PM), which will be reported before the market opens on Friday.
Meanwhile, the closely watched non-farm payrolls report, originally scheduled for Friday, has been postponed to next Wednesday following the federal government’s decision to shut down the economy. But other data this week showed fresh signs of trouble in the labor market, with job openings falling to their lowest level since 2020 and layoff announcements surging.
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