US Stock Futures Steady as Amazon Earnings Loom
US stock futures remained largely unchanged on Thursday ahead of a flurry of earnings reports, including the highly anticipated results from Amazon (AMZN).
Technical Indicators
* Dow Jones Industrial Average futures (YM=F) hovered near flat.
* S&P 500 futures (ES=F) also traded close to the unchanged mark.
* Nasdaq 100 futures (NQ=F) slipped 0.1% after two consecutive days of gains.
Earnings Watch
Investors eagerly await Amazon's quarterly report, which is expected to shed light on the company's cloud services performance in the wake of Alphabet's (GOOG, GOOGL) disappointing results. Other companies releasing earnings Thursday include:
* Eli Lilly (LLY)
* Peloton (PTON)
* ConocoPhillips (COP)
Economic Data and Policy
The release of jobless claims data later today will provide insights into the labor market, a key factor in Federal Reserve policy decisions. Meanwhile, investors are monitoring Treasury Secretary Scott Bessent's comments that President Trump prefers lower Treasury yields to rate cuts by the Fed.
Other Market News
* Ford (F) shares declined despite beating quarterly earnings estimates due to concerns about tariffs and muted full-year guidance.
* Saudi Arabia's price increase for March oil prices led to a reversal in the recent sell-off in oil futures.
* The escalating feud between Elon Musk and Sam Altman could result in a protracted legal battle.