The United States (US) stock market on Wednesday showed mixed data as most investors are still watching and analyzing the earnings reports of several large technology companies as well as being cautious ahead of the announcement of interest rates by the Federal Reserve (Fed).
Dow futures fell 0.4%, while S&P 500 and Nasdaq 100 futures rose 0.2% and 0.7%, respectively.
In extended trade, Microsoft shares fell 2.7% despite posting better-than-expected earnings and results following a slump in their cloud-computing business.
Meanwhile, AMD surged 7.6% on strong quarterly results, dragging AI darling Nvidia 5% higher.
In regular trading on Tuesday, the Dow rose 0.5%, while the S&P 500 and Nasdaq Composite fell 0.5% and 1.28%, respectively.
The move comes as investors continue to shift focus among megacap technology companies amid doubts over the sustainability of AI technology, focusing on more traditional sectors of the US economy.
Investors now await more earnings reports and economic data on Wednesday, as well as the Fed's policy announcement at the FOMC meeting early Thursday morning.
