FX.co ★ US Futures Slip as Traders Assess Earnings

On Tuesday, U.S. stock futures experienced a slight decline as investors evaluated yet another series of corporate earnings reports. In after-hours trading, shares of Palantir dropped nearly 3%, despite the company surpassing Wall Street's third-quarter expectations and offering robust future guidance. In contrast, Hims & Hers Health saw an over 5% increase following announcements of talks with Novo Nordisk regarding the provision of Wegovy treatments. Investors are also anticipating earnings releases later in the day from companies like AMD, Uber, Spotify, Pfizer, and Super Micro Computer, among others. During Monday’s regular trading session, the S&P 500 and the Nasdaq Composite rose by 0.17% and 0.46%, respectively. These gains were buoyed by strength in technology stocks related to artificial intelligence. Amazon's shares surged by 4% to reach record levels after unveiling a $38 billion collaboration with OpenAI. Nvidia's stock also rose by more than 2% following Microsoft’s acquisition of a U.S. Commerce Department license to supply its chips to data centers in the UAE. Meanwhile, the Dow Jones Industrial Average fell by 0.48%.