Dow Jones futures fell modestly early Friday, along with S&P 500 futures and Nasdaq futures, as Amazon stock, Twitter (TWTR), Tesla (TSLA) rival Nio (NIO) and Apple supplier Skyworks Solutions (SWKS) led another busy after-hours earnings session. The stock market rally showed gains Thursday on the major indexes, but the whipsaw action and breakout reversals were disappointing.
Wall Street opened strong with the S&P 500 and Nasdaq composite both hitting all-time highs. But almost immediately stocks gave up gains with the Nasdaq turning solidly lower before rebounding for a slim gain. Facebook (FB) gapped higher on earnings, closing strong. Century Communities (CCS) and energy stocks also had big gains on results.
Amazon.com (AMZN), Nio, KLA Corp. (KLAC), Twitter, Fortinet (FTNT), Atlassian (TEAM) and Five9 (FIVN) reported earnings. So did Omnicell (OMCL) Dexcom (DXCM) and Apple (AAPL) suppliers Skyworks and Cirrus Logic (CRUS).
Meanwhile, Digital Turbine (APPS) reported preliminary fiscal Q4 revenue above consensus. APPS stock rose 6% overnight, but that would likely be below its 50-day line.