Comment on Stock market today: futures drop after Starbucks and McDonald's misses

Stock market today: futures drop after Starbucks and McDonald's misses

Traders.JOHANNES EISELE/AFP via Getty Images US futures slid as traders weighed Amazon's earnings beat against Starbucks and McDonald's misses. The earnings suggest AI demand remains robust but consumer spending may be slowing. The Federal Reserve is set to provide an update later on the likely trajectory of interest rates. Stocks slid ahead of Wednesday's market open as traders weighed an earnings beat by Amazon against signs of consumer weakness in Starbucks and McDonald's results, and waited for the Federal Reserve's updated outlook on interest rates later in the day.Futures underlying the S&P 500 were down 0.4% shortly after 6 a.m.

 

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