Alphabet, AMD Earnings Weigh on Investor Sentiment, Driving Premarket Losses for US Equity Futures

US equity futures were falling ahead of Wednesday's opening bell, with futures of technology-heavy Nasdaq Composite leading the losses after earnings from sector majors Alphabet and Advanced Micro Devices .

The Dow Jones Industrial Average futures slipped 0.1%, S&P 500 futures fell 0.4%, and Nasdaq futures were down 0.7%.

Oil prices fell, with front-month global benchmark North Sea Brent crude down 1.1% at $75.36 per barrel and US West Texas Intermediate crude down 1.1% at $71.89 per barrel.

The ADP Institute's Employment Report, released at 8:15 am ET, showed a 183,000 increase in private payrolls for January versus a 176,000 gain a month earlier, compared with estimates compiled by Bloomberg for a 150,000 rise.

US trade deficit, released at 8:30 am ET, widened to $98.43 billion in December from $78.94 billion previously, compared with estimates for a $96.8 billion gap.

The Institute for Supply Management's Services index, scheduled for 10 am ET, is seen coming in at 54.2 for January versus 54.1 previously.

In other world markets, Japan's Nikkei closed 0.09% higher, Hong Kong's Hang Seng ended 0.9% lower, and China's Shanghai Composite finished 0.7% lower. Meanwhile, the UK's FTSE 100 was up 0.3%, and Germany's DAX index flatlined in Europe's early afternoon session.

In equities, Alphabet shares were down 7% pre-bell after the company reported late Tuesday Q4 revenue that trailed analysts estimates. Meanwhile, AMD stock was 10% lower after the chipmaker overnight reported weaker-than-expected data center sales for Q4 and warned of a sequential decline in revenue for Q1.

On the winning side, Novo Nordisk shares were up 4% after the company reported higher Q4 earnings and sales. Pasithea Therapeutics stock was 58% higher after the company said it received a positive recommendation from a safety review committee for its ongoing phase 1 trial of PAS-004 in advanced cancer to advance to the next dose cohort.

The dollar index remained below 108 on Wednesday but trimmed losses after data showed stronger-than-expected US job growth.

The economy added over 180,000 private-sector jobs in January, surpassing forecasts of 150,000, signaling resilience despite economic uncertainty.

Rate futures continued to price in two Fed rate cuts this year.

Meanwhile, trade tensions between the US and China intensified after Washington imposed a 10% tariff on Chinese imports, prompting Beijing to retaliate with levies of up to 15% on US goods.

While Xi Jinping appears more cautious than during Trump’s first term, tariff risks remain a key concern.

Meanwhile, President Trump and Xi are expected to discuss trade developments in an upcoming call.

Earlier in the week, he agreed to delay the planned 25% tariffs on Mexico and Canada by one month after successful negotiations.

The dollar index remained below 108 on Wednesday but trimmed losses after data showed stronger-than-expected US job growth.

The economy added over 180,000 private-sector jobs in January, surpassing forecasts of 150,000, signaling resilience despite economic uncertainty.

Rate futures continued to price in two Fed rate cuts this year.

Meanwhile, trade tensions between the US and China intensified after Washington imposed a 10% tariff on Chinese imports, prompting Beijing to retaliate with levies of up to 15% on US goods.

While Xi Jinping appears more cautious than during Trump’s first term, tariff risks remain a key concern.

Meanwhile, President Trump and Xi are expected to discuss trade developments in an upcoming call.

Earlier in the week, he agreed to delay the planned 25% tariffs on Mexico and Canada by one month after successful negotiations.

The Ibovespa hovered above the flatline at the 125,000 level on Wednesday, as strong corporate earnings offset weak economic data.

Banco Santander jumped nearly 4% after a 74.9% YoY surge in Q4 managerial net profit to R$3.85 billion, fueling optimism ahead of results from Itaú Unibanco, Banco Inter, and Bradesco.

Other major financial stocks, including Banco do Brasil, Itaúsa, and Bradesco, added over 1%.

Embraer also rallied around 7% after securing a record $7 billion order from U.S.-based Flexjet for up to 200 executive jets.

Market sentiment was further supported by Lula and Finance Minister Haddad’s pledges to control inflation and food prices.

However, gains remained limited by fiscal concerns, global uncertainty, and weak data.

Brazil's industrial output fell 0.3% MoM in December, its third straight decline, while the composite PMI dropped to 48.2 in January from 51.5, signaling the first private-sector contraction since April 2021.

US stock futures were set to open lower on Wednesday, influenced by weak earnings reports and a stronger-than-expected jobs report.

The ADP report showed private employers added 183,000 jobs in January, surpassing expectations of 150,000 and higher than the previous month's 176,000.

While job growth remained strong, especially in leisure and hospitality, manufacturing showed weakness, raising concerns about economic growth and its impact on inflation and interest rates.

In premarket trading, mixed earnings from companies like Alphabet and AMD weighed on the tech sector.

Alphabet's shares dropped 7% after missing cloud revenue expectations and raising concerns over its AI spending.

AMD's shares fell 8% due to disappointing data center revenue.

Apple also declined 2.7% after reports that Chinese regulators might investigate its App Store fees.

Uber shares fell nearly 5% after weak first-quarter guidance, while Disney’s stock fluctuated despite strong fiscal first-quarter results.

US stock futures were set to open lower on Wednesday, influenced by weak earnings reports and a stronger-than-expected jobs report.

The ADP report showed private employers added 183,000 jobs in January, surpassing expectations of 150,000 and higher than the previous month's 176,000.

While job growth remained strong, especially in leisure and hospitality, manufacturing showed weakness, raising concerns about economic growth and its impact on inflation and interest rates.

In premarket trading, mixed earnings from companies like Alphabet and AMD weighed on the tech sector.

Alphabet's shares dropped 7% after missing cloud revenue expectations and raising concerns over its AI spending.

AMD's shares fell 8% due to disappointing data center revenue.

Apple also declined 2.7% after reports that Chinese regulators might investigate its App Store fees.

Uber shares fell nearly 5% after weak first-quarter guidance, while Disney’s stock fluctuated despite strong fiscal first-quarter results.