Traders work on the floor of the New York Stock Exchange during afternoon trading on August 1, 2025 in New York City.
Michael M. Santiago | Getty Images
S&P 500 futures are near flat Tuesday night as investors analyzed the latest batch of corporate earnings.
S&P 500 futures were little changed, and Dow Jones Industrial Average futures fell 13 points, or less than 0.1%. Nasdaq 100 futures ticked down 0.2%, weighed down by a decline in Advanced Micro Devices.
In extended trading, Snap shares tumbled 15% after revenue came in slightly below expectations, while AMD fell about 5% after posting adjusted earnings per share that missed estimates. On the other hand, Arista Networks rallied nearly 14% on a stronger-than-expected report.
Those moves follow a losing day on Wall Street, marking the S&P 500‘s fifth down day of the last six and the Dow‘s sixth negative session of the past seven.
Tech stocks lagged in Tuesday’s session, with the Nasdaq Composite sliding nearly 0.7%. Small caps were able to buck the market downtrend, with the Russell 2000 climbing 0.6%.
“We just need some digestion,” said Keith Lerner, co-chief investment officer at Truist Wealth, on CNBC’s “Closing Bell.” “Markets don’t move in a straight line. … But, overall, I still think the underlying trend is positive.”
Investors on Wednesday will monitor earnings reports slated from Disney, Uber and McDonald’s before the bell, followed by Airbnb, DoorDash and Lyft after the market closes. While there’s no economic data of note expected Wednesday, traders will follow speeches by Federal Reserve officials including Boston Fed President Susan Collins and San Francisco Fed President Mary Daly during the day.
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