By Oliver Gray
Investing.com - U.S. futures traded lower in early APAC deals Friday, following slight gains in the previous session as preliminary GDP data showed a return to pre-pandemic levels, while a dovish tone at the U.S. Federal Reserve reinforced expectations that officials will maintain their current accommodative monetary policy settings for longer.
During regular trade on Thursday, the Dow gained 153.6 points or 0.44% to 35084.54, touching fresh intraday highs. The S&P 500 added 18.51 points or 0.44% at 4419.14 and also ekes out intraday record highs, while the Nasdaq Composite added 15.68 points or 0.11% to 14778.26.
Among stocks, Amazon (NASDAQ:AMZN) dipped 7.44% in after-hours trading after reporting weaker than expected guidance and the first revenue miss in three years, while Pinterest Inc (NYSE:PINS) shares plunged 19.04% in extended deals after reporting disappointing results, while flagging a slowdown in Q3 revenues.
Meantime, preliminary data showed that the U.S. GDP increased 6.5% annually in Q2, well below market expectations of 8.5% but returning to pre-pandemic levels as the resurgence of the coronavirus Delta variant clouded the economic outlook.