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.
See the stocks moving after hours
These are some of the stocks making notable moves after hours:
- Snap — The social media platform plunged 14% after missing revenue expectations for the second quarter. Snap said it recorded $1.34 billion, slightly under the consensus forecast of $1.35 billion from analysts polled by LSEG.
- Rivian Automotive — The electric vehicle company dropped more than 3% on the back of mixed second-quarter results. Adjusted losses for the period came in at 80 cents per share, compared to the LSEG consensus call for a loss of 65 cents per share. Revenue of $1.30 billion narrowly beat the $1.28 billion anticipated by the Street.
- Skyworks Solutions — The wireless network stock jumped 9% after providing earnings for the third fiscal quarter and current-quarter guidance that was better than expected. Skyworks reported adjusted earnings of $1.33 per share on $965 million in revenue for the third quarter. Analysts surveyed by LSEG had penciled in $1.22 per share and $941 million in revenue.
— Alex Harring
Stock futures are little changed
Futures tied to the Dow, S&P 500 and Nasdaq 100 are all little changed shortly after 6 p.m. ET.
— Alex Harring
