US stock futures sink with payrolls in focus; Apple earnings spark little joy
Investing.com-- U.S. stock index futures fell in evening deals on Thursday, extending losses from a sharp drop on Wall Street as concerns over slowing economic growth remained in play before key nonfarm payrolls data.) clocked disappointing quarterly prints and offered a middling outlook. Apple’s shares also barely rose after the earnings, with the technology sector seeing extended losses in aftermarket trade.Shares of the Cupertino, California-based tech giant rose 0.
Still, the company is expected to log stronger iPhone sales in the coming quarters, especially as it gears up to incorporate a slew of artificial intelligence features in its devices. Its upcoming iPhone 16 model is also expected to spark a device upgrade cycle.was the worst performer among major technology stocks, sinking nearly 19% after the bell as its June quarter earnings missed estimates. The company suspended its dividend and said it will cut 15% of its jobs as part of a turnaround plan.
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