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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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