Stock futures dip even after Amazon reports profit surge – News 24-7 Live News 24-7 Live
Stock futures dip even after Amazon reports profit surge

Stock futures dip even after Amazon reports profit surge

Futures contracts tied to the major U.S. stock indexes slipped early Friday as investors pored over a flurry of earnings results and a robust profit beat from e-commerce giant Amazon.

Contracts tied to the S&P 500 fell 0.21%, while those linked to the Dow shed 43 points. Nasdaq 100 futures also dropped about 0.29%.

The after-hours moves came amid a deluge of earnings activity after the close of regular trading.

Amazon, the last of Wall Street’s mega-cap tech companies to publish results, reported a record first-quarter profit. The Seattle-based firm said profits more than tripled to $8.1 billion and January-to-March sales soared 44% to $108 billion.

News Source: cnbc

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