RE:January rally It will be interesting to see how AT holds up today. GLTA
In the early premarket period, futures tied to the tech-heavy Nasdaq were down more than 1 per cent. Dow and S&P futures were also in the red. “Volatility in U.S. markets looks set to continue later today with the Nasdaq 100 set to open lower after a disappointing reaction to numbers from the three A’s of Amazon, Alphabet and Apple, which are all lower in the premarket,” Michael Hewson, chief market analyst with CMC markets U.K., said.
“It does need to be said that any market weakness today needs to be set against the backdrop of strong gains from all three in yesterday’s session, which meant the bar to meeting expectations was always going to be higher.”
After Thursday’s closing bell, Google parent Alphabet posted revenue below market forecasts as ad revenue took a hit while Apple saw its first profit miss since 2016 on weak iPhone sales. Amazon, meanwhile, cautioned that profit may slump further as consumers tighten their belts.
Amazon shares were down more than 5 per cent in premarket trading while Alphabet stock slid more than 4 per cent. Apple shares fell roughly 3 per cent ahead of the North American opening bell.