Futures tied to the S&P 500 were little changed early Thursday following a sharp selloff in the stock market the day before.
Futures for the Dow Jones Industrials gained 37 points, or 0.1%, to 30,226.
Futures for the S&P 500 dropped 2.75 points, or 0.1%, at 3,741.50.
Futures for the NASDAQ Composite flopped 83.5 points, or 0.6%, to 13,022.
Apple turned in its largest revenue on record at $111.4 billion in its fiscal first-quarter earnings report for fiscal 2021. Sales for every product category rose by double-digit percentage points. Shares of the tech giant, however, dipped 2% in pre-market trading.
Tesla dropped about 5% in pre-market trading after the electric car maker posted worse-than-expected earnings for the latest quarter. The company also said it expects annual average delivery growth of 50% going forward.
Shares of American Airlines surged more than 28% in premarket trading Thursday after the carrier posted better-than-feared quarterly results.
Wall Street suffered steep losses on Wednesday, with the S&P 500 and the Dow posting their worst day since October, as the speculative buying frenzy in heavily shorted stocks kept investors on edge. Some fear that hedge funds being squeezed could be forced to reduce their equity holdings to raise cash.
Brick-and-mortar video game retailer GameStop, a target on the “wallstreetbets” Reddit chat room, soared another 134% Wednesday, pushing its January gains to a whopping 1,744%. AMC Entertainment surged over 300% Wednesday alone, experiencing its highest volume ever.
GameStop was higher again in pre-market trading, reversing earlier losses and soaring another 40% as the mania continues. AMC Entertainment was flat.
Investors also awaited the latest weekly jobless claims data and a fourth-quarter gross domestic product reading, both due Thursday morning.
Overseas, in Japan, the Nikkei 225 fell 1.5%, while in Hong Kong, the Hang Seng index slumped 2.6%.
Oil prices stepped back 16 cents to $52.69 U.S. a barrel.
Gold prices raced $6.20 to $1,838.70 U.S.