Stock futures drop on Amazon's cloud growth warning.
TL;DR Summary
US stock index futures dipped as Amazon's warning about a slowdown in its cloud business and downbeat forecasts from Snap and Pinterest dented Wall Street sentiment, while investors awaited a key inflation report later in the day. Analysts expect first-quarter earnings for S&P 500 companies to fall 2.4% year-over-year compared with a forecast for a 5.1% fall at the start of April.
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