U.S. stock futures inched lower Tuesday evening as investors assessed a new round of corporate earnings reports. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were down 0.24%, 0.06%, and 0.02%, respectively, at 6:31 p.m. EDT on August 5.
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In the after-hours market, Snap (SNAP) shares plunged over 16% after the company’s revenue fell just shy of expectations. Also, Advanced Micro Devices (AMD) dropped about 4% as its adjusted EPS missed estimates. However, Arista Networks (ANET) surged more than 14% following a much better-than-expected report.
These movements come after Tuesday’s weak trading session. The S&P 500 posted its fifth decline in six sessions, and the Dow Jones recorded its sixth negative day out of seven. The Nasdaq Composite slid almost 0.7%. In contrast, small-cap stocks were a bright spot, with the Russell 2000 climbing 0.6%.
Looking ahead, investors are focused on another busy day for corporate earnings reports from major companies on Wednesday. Before the bell, Disney (DIS), Uber (UBER), and McDonald’s (MCD) are set to report, followed by Airbnb (ABNB), DoorDash (DASH), and Lyft (LYFT) after the market closes. There are no major economic data scheduled for release tomorrow.