On Tuesday night, stock futures mixed after major averages sold off in April amid fears of an economic slowdown. Wall Street also considered earnings reported after the bell.

Futures on Dow Jones Industrial Average rose 65 points or 0.2%. S&P 500 futures were flat. Nasdaq 100 futures declined 0.3%.

After-hours trading saw major tech stocks continue to fall. After Alphabet reported its earnings, Alphabet saw its stock drop more than 4 percent. Meta Platform shares dropped by 4% on Wednesday after the company reported earnings.

Robinhood’s shares dropped by more than 5 percent in extended trading following the announcement of its retail brokerage. cutting back on staff. Following its rapid expansion, the company pointed out that there were “duplicate job roles” and other functions.

The tech-heavy Nasdaq composite fell further into bear markets earlier in the day. It lost 3.95%, hitting a new 52-week low, and also hit a new 52-week low. Now, the index sits at 23% below its peak. Dow Jones Industrial Average lost 809.28 points or 2.4%. The S&P 500 lost 2.8%.

In April, the S&P 500 is down 7.8%, the Nasdaq lost 12.2%, and the Dow has declined 4.2%.

Investors were worried about a global slowdown and turned to tech stocks in order to save money before they reported their quarterly results.

Art Hogan is National Securities’ chief market strategist. He stated that “It’s high volatility and low volume, which’s worried about two things.” One is Federal Reserve Policy and the other, as you may know, China lock downs. How long do they last?

Facebook parent Meta and Amazon will both report earnings this Wednesday. T-Mobile (Boeing), PayPal, Ford, and T-Mobile will all report earnings on Wednesday.

Investors are keeping an eye out for economic data, such as the weekly mortgage application, the international trade report, and the pending sales of homes.