FX.co ★ US Futures Waver

On Thursday, both S&P 500 and Nasdaq futures remained largely unchanged, while Dow Jones futures experienced a decline of nearly 150 points. Investors continued to analyze corporate earnings from major tech companies and absorb recent remarks by Chair Powell, who indicated that a December rate cut is not guaranteed. In parallel, the meeting between Presidents Trump and Xi concluded with the United States agreeing to a 10% reduction in overall tariffs on Chinese imports, bringing them down to 47%. In return, China committed to reducing fentanyl exports and boosting purchases of U.S. soybeans. In premarket trading, Microsoft shares dropped over 2% following the announcement that its investment in OpenAI had reduced quarterly earnings by $3.1 billion. Meta saw a significant decline of over 9% due to a $15.93 billion one-time expense linked to the “One Big Beautiful Bill” Act. Conversely, Alphabet's shares surged nearly 8% after surpassing earnings expectations. Eli Lilly enjoyed a rise of over 3.5%, having revised its full-year revenue guidance upwards. The market now awaits reports from Apple and Amazon later today.