Early Monday, U.S. stock futures declined due to Amazon's disappointing earnings report. The S&P 500 futures dipped 0.1%, while Nasdaq 100 futures fell 0.3%. Dow Jones Industrial Average futures also saw a 0.1% decrease, reflecting investor concern. This follows a difficult market session, with tech stocks leading the losses and the S&P 500 and Nasdaq Composite now in negative territory for the year.

Amazon's after-hours share price plummeted over 10% after the company missed earnings per share estimates. Furthermore, the projection of $200 billion in capital expenditures, fueled by AI spending, raised alarms. The risk-off sentiment extended beyond equities, with Bitcoin continuing its slide, and silver resuming its decline. The market is also reacting to employment data showing signs of a weakening labor market.

Reddit shares rose after a quarterly earnings beat and a stock buyback announcement. Investors are now focused on earnings from Toyota and Philip Morris. Additionally, the nonfarm payrolls report has been delayed until next week, adding uncertainty. The market is also grappling with low liquidity, which has caused volatility in assets like silver.