US Stock Futures Dip as Amazon Disappoints, AI Costs Weigh
Company-Specific News:
* Amazon (AMZN) reports disappointing projections, leading to a 4% decline in shares.
* Palantir (PLTR) surges 10% on strong military analytics performance.
* Pinterest (PINS) utilizes AI for improved ad sales, resulting in a 19% gain in after-hours trading.
Market Outlook:
* Futures for major indices open slightly lower:
* Dow Jones Industrial Average futures (YM=F): Flat
* S&P 500 (ES=F): -0.1%
* Nasdaq (NQ=F): -0.1%
* AI-focused Big Tech companies' cautious projections impact the market.
* High development costs for AI have investors questioning continued investments.
Factors Influencing Market:
* Recent tariff uncertainty keeps traders cautious.
* Gold (GC=F) reaches all-time highs amid volatility.
* President Trump targets hedge funds' loophole on capital gains tax.
Upcoming Events:
* January jobs report expected to provide insights into the health of the US economy and labor market.