Stock market today: Live updates - Discover Hidden USA

U.S. Stock futures experienced a brief rally early Friday morning, following a turbulent Thursday that saw significant declines across major indexes. This initial positive movement came after overnight trading, where shares had retreated as investors reacted to Amazon’s earnings report and a broader market sell-off.

Tech Sector Under Pressure

Thursday’s market downturn was largely driven by weakness in the technology sector. The Nasdaq Composite fell roughly 1.6%, with Qualcomm experiencing a particularly sharp drop of 8.5% following its earnings release. Software stocks continued to struggle, with the iShares Expanded Tech-Software Sector ETF (IGV) losing another 5% and tracking toward its largest weekly decline since 2008.

Did You Know? Reddit’s stock price jumped more than 3% after the social media platform announced an earnings beat, strong guidance, and a stock buyback program.

The Dow Jones Industrial Average and the S&P 500 each shed 1.2% on Thursday, bringing the S&P 500 into negative territory for 2026, alongside the Nasdaq. The Nasdaq is currently on track for its worst week since the tariff-induced market rout in early April.

Amazon’s Impact and Broader Market Sentiment

Amazon shares plummeted 11% after the company reported earnings per share slightly below analyst expectations and announced plans for $200 billion in capital expenditures this year. This news contributed to a risk-off sentiment that extended beyond equities, impacting other asset classes. Bitcoin fell 16% overnight, briefly dipping below $61,000, and a recent sell-off in silver resumed.

Expert Insight: The recent market volatility, driven by earnings reports and concerns about the software sector, suggests investors are becoming more cautious and reassessing valuations in a higher interest rate environment.

FarrCrest Capital Chair Michael Farr noted a sense of “nerves” in the market, with investors questioning how much further the declines might go. Investors are now awaiting earnings from Under Armour before the bell on Friday.

Frequently Asked Questions

What happened with Amazon’s stock?

Amazon shares sank 11% after the company’s earnings per share were slightly under analyst expectations and the company announced $200 billion in planned capital expenditures for the year.

How did the Nasdaq Composite perform on Thursday?

The Nasdaq Composite sank roughly 1.6% on Thursday, hampered by a significant drop in Qualcomm’s stock price following its earnings report.

What is happening with Bitcoin?

Bitcoin fell 16% overnight, briefly sinking below $61,000, signaling a broader risk-off sentiment among traders.

How will these market trends influence your investment strategy in the coming weeks?