US stock futures fell on Wednesday as disappointing earnings reports from major technology companies weighed on investor sentiment.
Investors are seen taking precautions by reducing asset holdings in the current risky market environment.
In extended trade, Super Micro Computer slumped more than 13% on weaker-than-expected quarterly results, dragging other chip firms such as Nvidia (-2.6%) and AMD (-1.6%) lower.
Airbnb also plunged nearly 17% on a disappointing second-quarter earnings report.
In Tuesday's trading, the Dow was up 0.76%, the S&P 500 was up 1.04% and the Nasdaq Composite was up 1.03%, with all 11 S&P sectors ending higher.
The move followed a sharp sell-off on Monday fueled by fears of a US recession and a market slump in Japan.
Focusing on individual stocks, Palantir Technologies jumped 10.4% after beating analyst estimates, Uber jumped 10.9% following better-than-expected second-quarter results, and Caterpillar rose 3% after reporting earnings that beat Wall Street forecasts.
