S&P Falls as Microsoft Earnings

Stock futures slid on Thursday morning as Wall Street absorbed a fresh batch of earnings reports from megacap technology names.

Futures for the Dow Jones Industrials plunged 195 points, or 0.5%, to 42,168.

Futures for the S&P 500 dumped 36.75 points to 5,815.25.

Futures for the NASDAQ Composite Index weakened 151.75 points, or 0.7%, to 20,383.

In after-hours action, Meta Platforms dropped 3% after missing the Street’s expectations for user growth and warning that capital expenditures will rise in 2025. Microsoft’s revenue guidance disappointed investors, dragging shares nearly 4% lower.

Tech earnings continues on Thursday with results from tech giants Apple and Amazon.

On the economic data front, the weekly jobless claims report as well as the third-quarter reading on the employment cost index also are out on Thursday morning.

In Japan, the Nikkei 225 dawdled 0.5% Thursday, while in Hong Kong, the Hang Seng gave back 0.3%.

Oil prices gained 45 cents to $69.06 U.S. a barrel.

Gold prices dulled $10.10 to $2,790.70.