A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 30, 2025. <\/p>\n
Jeenah Moon | Reuters<\/p>\n
S&P 500 futures<\/a> slipped on Thursday night as traders digested the latest Big Tech earnings and awaited July’s jobs report.<\/p>\n Futures tied to the broad market index were down 0.2%, while Nasdaq 100 futures<\/a> lost 0.3%. Futures tied to the Dow Jones Industrial Average<\/a> fell 43 points, or 0.1%.<\/p>\n In extended trading, shares of Amazon<\/a> tumbled more than 6% after the e-commerce giant provided light operating income guidance<\/a> for the current quarter. Apple<\/a> shares jumped 2% on the back of an earnings and revenue beat<\/a>.<\/p>\n Just hours ahead of the Aug. 1 “reciprocal” tariff deadline<\/a>, President Donald Trump issued updated duties ranging<\/a> from 10% to 41%. Goods that have been transshipped in a bid to avoid the tariffs will face another 40% levy, according to the White House<\/a>.<\/p>\n Stocks are coming off of a lackluster trading session, which saw the S&P 500<\/a> notch its third straight losing day as solid earnings from Microsoft and Meta Platforms failed to lift the broader market. The S&P 500 ended Thursday down 0.4%, while the Nasdaq Composite<\/a>\u00a0closed marginally lower. Both the S&P 500 and Nasdaq had hit intraday records earlier in the session until the tech-fueled rally fizzled. The 30-stock\u00a0Dow<\/a> lost about 330 points, or 0.7%.<\/p>\n “The S&P 500 forecast remains bullish for now, but the path forward looks uncertain. On one hand, Big Tech is delivering in spades, feeding into the [artificial intelligence] gold rush and lifting equity markets to record highs,” said Fawad Razaqzada, analyst at City Index.\u00a0“On the other, geopolitical tensions, valuation concerns and monetary policy uncertainty are threatening to pull the rug from under this rally.”<\/p>\n