U.S. equity futures started the week under pressure, with tech leading the downside. Nasdaq 100 Futures fell 0.8% to 24,604.0 by 22:53 ET (03:53 GMT), the weakest among major peers. S&P 500 Futures slipped 0.5% to 6,820.0, while Dow Jones Futures eased 0.3% to 49,417.0.
The move follows a rough week for cash equities: the S&P 500 dropped 1.4% last week, the NASDAQ Composite slid 2.1%, and the Dow Jones Industrial Average fell 1.2%—keeping risk appetite cautious into the new week.
Asian equities opened Friday in a sharp, broad-based decline, with every major index in the red—signaling a clear risk-off tone to end the week.
Tape read: the selloff is region-wide, not isolated—often consistent with global risk de-risking (rates/FX shocks, macro surprises, or headline-driven risk aversion). The biggest hit is in Asia Dow, with Hong Kong and Singapore also notably weak.
European equities mostly closed in the red on Thursday, with UK and Spain among the laggards. France’s CAC 40 was the standout gainer, but it wasn’t enough to lift the broader region.
Tape read: a broad de-risking tone across Europe, with strength concentrated in France while the wider market weakened.
U.S. equities closed sharply lower on Thursday, with tech-heavy Nasdaq taking the biggest hit as risk appetite faded across the board.
The takeaway: a broad-based de-risking session, with growth/tech under the most pressure—often a sign that markets are reacting to tighter financial conditions, rates sensitivity, or macro headline risk.
Expedia (EXPE) reported EPS of $3.78 vs $3.25 expected (+16.31% surprise) and revenue of $3.55B vs $3.41B expected (+4.11% surprise), beating on both lines. Shares were down ~2.72% (last $227.24) and down ~5.67% in extended hours (to $214.35), with a market cap near $27.84B—suggesting investors are weighing forward guidance, booking trends, and margin outlook more than the headline beat.
Coinbase (COIN) reported EPS of $0.66 vs $1.05 expected (-37.14% surprise) and revenue of $1.78B vs $1.85B expected (-3.78% surprise), missing on both lines. Shares were down ~7.90% (last $141.09) but up ~1.32% in extended hours (to $142.95), with a market cap near $38.05B—the market’s next focus typically shifts to outlook, trading activity trends, and margin/cost commentary.
PG&E (PCG) reported EPS of $0.36 vs $0.37 expected (-2.70% surprise) and revenue of $6.8B vs $7.1B expected (-4.23% surprise), missing on both earnings and sales. Shares were up ~2.69% (last $17.56) but down ~0.34% in extended hours (to $17.50), with a market cap near $38.6B—so the market’s next focus typically shifts to guidance, regulatory updates, and cost/capex trajectory.
Siemens ADR (SIEGY) reported EPS of $1.53 vs $1.27 expected (+20.47% surprise) and revenue of $22.75B vs $22.18B expected (+2.57% surprise), beating on both lines. Shares were up ~1.41% (last $154.68) and flat in extended hours (0.00%), with a market cap near $236.73B—attention now typically turns to guidance, order momentum, and margin outlook.
L’Oréal ADR (LRLCY) reported revenue of $13.36B vs $13.21B expected (+1.14% surprise). EPS was not displayed in the data shown. Shares were down ~7.30% (last $86.72), with a market cap around $248.09B—so the market’s next focus typically shifts to forward guidance, organic growth trends, and regional/category mix.
Ford (F) reported EPS of $0.13 vs $0.18 expected (-27.78% surprise) but revenue of $45.9B vs $44.2B expected (+3.85% surprise). Shares were flat (0.00%) at $13.59 and +1.70% in extended hours (to $13.80), with market cap around $54.19B—investor focus typically shifts to margin guidance, pricing, and EV/ICE mix.
Japan’s equity rally hit a new milestone as the Nikkei 225 briefly rose above 58,000 points for the first time, marking a fresh historic high before paring gains to trade little changed later in the session.
The broader TOPIX index was firmer, surging 1.5% to a record 3,888.94, underscoring that the move wasn’t just a handful of names—market breadth improved.
The rally is being linked to so-called “Takaichi trade” optimism after Prime Minister Sanae Takaichi’s election victory, with investors leaning into expectations of a policy mix that could be supportive for Japanese risk assets.
Shares of SK Hynix (000660.KS) gained 3.5%, extending the Korea semiconductor rally as investors leaned into expectations of sustained demand for premium memory used in AI servers.
The move reinforces the market’s current playbook: HBM and high-end DRAM remain the core “AI hardware” beta in Asia—supporting chipmakers most exposed to data-center buildouts.