Tags: stocks | amazon | ai

Stock Futures Edge Higher After Amazon Slide

Stock Futures Edge Higher After Amazon Slide
A trader on the floor of the New York Stock Exchange, Jan. 23, 2026. (Timothy A. Clary/Getty Images)

By    |   Friday, 06 February 2026 06:26 AM EST

U.S. stock futures edged higher Friday, suggesting markets may finish a turbulent week on firmer footing after investors were rattled by weakness in technology shares and worries spilling into crypto markets, CNBC reports.

Contracts tied to the Dow Jones Industrial Average rose about 124 points, or 0.25%. S&P 500 futures advanced roughly 0.4%, and Nasdaq-100 futures climbed close to 0.6%.

The move upward came despite a sharp decline in Amazon shares, which fell about 11% after the company reported earnings per share slightly below expectations and projected roughly $200 billion in capital spending this year.

In contrast, Reddit gained more than 3% following stronger-than-anticipated results, upbeat guidance, and news of a share repurchase plan.

The after-hours developments followed another difficult session Thursday, when technology names weighed heavily on the broader market. The Nasdaq Composite dropped around 1.6%, with Qualcomm sliding 8.5% after its earnings report.

Software companies remained under pressure as well.

The iShares Expanded Tech-Software Sector ETF fell another 5%, leaving the fund down more than 11% for the week — its steepest weekly decline since 2008 — as investors grapple with concerns about artificial intelligence reshaping the industry.

Both the Dow and the S&P 500 declined roughly 1.2% on Thursday, pushing the S&P into negative territory for the year alongside the Nasdaq.

For the week overall, the Dow has hovered near unchanged, while the S&P 500 and Nasdaq are down about 2% and 4%, respectively — with the Nasdaq on pace for its worst week since the tariff-driven selloff earlier this year.

Market nerves remain evident.

As one strategist noted in televised remarks, investors appear uneasy about how long elevated valuations can hold up and when the next leg down might arrive.

The retreat in equities was mirrored across other asset classes, reflecting broader risk aversion. Bitcoin dropped about 16% overnight, briefly falling below $61,000, and a recent retail-driven rally in silver resumed its slide.

Attention Friday turns to Under Armour’s earnings release before the opening bell.

Meanwhile, the closely watched monthly U.S. jobs report has been postponed until next week following delays tied to the now-settled federal government shutdown.

Overseas, European markets traded modestly lower Friday morning.

The pan-regional Stoxx Europe 600 slipped slightly as most sectors and major exchanges moved into negative territory.

Among notable movers, automaker Stellantis plunged after outlining a sweeping restructuring plan, while Danish offshore wind group Orsted rose after posting quarterly results.

Back in the U.S., the Roundhill Magnificent Seven ETF ended Thursday at its lowest close in nearly four months. The fund finished at $62.82, below a level that had previously provided technical support earlier this year and late last year.

It has declined more than 9% since reaching its recent high in October, and further pressure could be ahead given Amazon’s post-earnings drop in late trading.

© 2026 Newsmax Finance. All rights reserved.


StreetTalk
U.S. stock futures edged higher Friday, suggesting markets may finish a turbulent week on firmer footing after investors were rattled by weakness in technology shares and worries spilling into crypto markets.
stocks, amazon, ai
464
2026-26-06
Friday, 06 February 2026 06:26 AM
Newsmax Media, Inc.

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