FX.co ★ US Futures Steady After Apple Earnings

On Friday, US stock futures showed minimal movement as investors assessed the latest earnings reports. In after-hours trading, Apple shares increased by approximately 0.6%, thanks to surpassing expectations for its fiscal first-quarter earnings and revenue, buoyed by strong iPhone sales. Meanwhile, data storage company Sandisk experienced a substantial rise of nearly 15% on the back of optimistic guidance. Conversely, KLA Corp saw a decline of over 8% following a softer-than-expected forecast for its fiscal third-quarter non-GAAP gross margin. During regular trading on Thursday, the Dow edged up by 0.11%, while the S&P 500 and Nasdaq Composite saw declines of 0.13% and 0.72%, respectively. Microsoft's stock experienced a drop of roughly 10% due to indications of slower growth in its cloud services, resulting in broader losses within the software sector as investors balanced AI-related revenue potential against significant expenditure requirements. Market participants are now focusing on forthcoming earnings announcements from major companies such as Exxon, Chevron, American Express, and Verizon.