Nasdaq Futures Slide as Amazon and Apple Retreat After Earnings

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Nasdaq 100 futures fell Thursday evening following an extravaganza of Big Tech earnings, with disappointments from Amazon and Apple.

Beyond earnings, investors remain concerned about slowing global growth, rising inflation and the Federal Reserve's monetary tightening.in the first quarter by 1.4% from the previous year, compared to the 1% growth expected by economists surveyed by Dow Jones.

On Friday investors will look for fresh data on personal consumption expenditures . Core PCE is the Federal Reserve's primary inflation gauge. The University of Michigan's consumer sentiment index is also due out at 10 am ET. Friday will bring a quieter day of earnings to end the week. Honeywell, Bristol-Myers Squibb are on deck before the bell. Energy companies Exxon Mobil, Chevron and Phillips 66 will also report.

 

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