U.S. stock futures declined after quarterly reports from Apple and Amazon.com showed that supply-chain problems and tight labor markets are hitting even some of the biggest corporate winners of the pandemic.
Futures for the S&P 500 fell 0.5% Friday, indicating that the broad market index would pare recent gains after the New York opening bell. The index hit a new record Thursday and is on track for its largest one-month percentage gain since November. Contracts for the tech-focused Nasdaq-100 declined 0.8% and futures for the Dow Jones Industrial Average edged down 0.2%.
Read More: Stock Futures Fall After Apple, Amazon.com Earnings