US Stock Futures Trend Lower as AI Concerns Linger After Amazon's Disappointing Outlook
Key Takeaways:
* Futures linked to major indices edged lower at market open.
* Dow Jones Industrial Average futures remained near the break-even point.
* S&P 500 and Nasdaq futures dipped 0.1%.
AI Costs and Amazon's Earnings Fallout:
* AI-focused Big Tech companies' underwhelming projections have dampened investor sentiment.
* Meta and Microsoft's elevated AI expenses have raised concerns about unsustainable costs.
* Amazon's disappointing earnings forecast prompted a 4% drop in its shares post-market.
AI-Driven Stock Performance:
* Palantir's military analytics business surged 10% from AI-powered improvements.
* Pinterest utilized AI to boost ad sales, driving a 19% gain in after-hours trading.
Economic Uncertainty and Gold's Performance:
* President Trump's unpredictable tariff announcements have kept investors alert.
* Stocks have faced headwinds, pushing safe-haven gold to record highs.
Upcoming Jobs Report Outlook:
* The upcoming January jobs report will provide insights into the US economy's health.
* Economists anticipate a slight slowdown in hiring but expect the labor market to remain strong.