[MARKET UPDATE] US equity futures are on the backfoot following the reopen with Emini S&P down 0.5% and Emini Nasdaq 100 down 1.0%, amid headwinds from Amazon which shares dropped around 10% post-earnings on bottom line miss and elevated capex guidance

US equity futures are on the backfoot following the reopen with Emini S&P down 0.5% and Emini Nasdaq 100 down 1.0%, amid headwinds from Amazon which shares dropped around 10% post-earnings on bottom line miss and elevated capex guidance.

US equity futures are reacting negatively, with the Emini S&P and Nasdaq 100 both down sharply. This pressure is largely driven by Amazon's disappointing earnings report, which revealed a miss on profitability and increased capital expenditure guidance, raising concerns about its future growth prospects. This could trigger a broader sell-off as investor sentiment adjusts to potential headwinds in tech and consumer sectors.