Tech and retail giants report contrasting results ahead of U.S. market open, weighing on futures.
Microsoft plans to reduce its workforce, adding to recent tech sector layoffs. The move comes as the company seeks to streamline operations amid slowing growth in cloud and enterprise spending.
Nike reported quarterly earnings that exceeded analyst expectations, driven by strong demand in North America and cost controls. The results contrast with broader retail sector struggles, though revenue growth slowed compared to last year.
U.S. stock index futures edged lower in early trading, reflecting cautious sentiment after equities posted gains in the first half of the year. The mixed corporate updates contributed to the muted start.