Stock futures were mixed Thursday as investors looked ahead to the release of key data and tried to recover after a tough session for Wall Street. S&P 500 futures fell 0.2%, while Nasdaq 100 futures dropped 0.3%. Futures tied to the Dow Jones Industrial Average rose 47 points, or 0.1%. Ford Motor shares tumbled 13% after the company’s second-quarter earnings came in much lower than analysts expected. Chipotle, meanwhile, added 3% after topping earnings and revenue expectations as it saw higher traffic at its restaurants. IBM and ServiceNow also rose after beating expectations. Wednesday’s trading session saw intense declines for the S&P 500 and the Nasdaq Composite, driven by disappointing quarterly reports from Alphabet and Tesla. This led other heavyweight tech stocks and artificial intelligence darlings like Nvidia and Microsoft to fall in sympathy. Both the broad-market index and the tech-heavy benchmark posted their worst session since 2022, while the Dow Jones Industrial Average shed roughly 504 points to end the day. Investors have been viewing the recent declines as a sign of an overdue correction in an overbought market, which is now seeing a rotation away from megacap tech into small-cap stocks and more cyclical areas of the market. “We do have a lot of uncertainty right now … Also, I would call it an air of skepticism in terms of what [artificial intelligence] can deliver in terms of profitability and productivity, at least in the near term. And the market right now is a very much in a ‘show me’ state and wants to see this happen or see proof on a more accelerated timeframe,” Yung-Yu Ma, chief investment officer for BMO Wealth Management, said on CNBC’s “Closing Bell.” There are healthy areas of the market, such as cruise lines and U.S. infrastructure, Ma said, however. He added that megacap technology names will still “struggle for a while” until they can regain their footing and have more proof come forward about their AI-related results. Although some major tech names missed expectations this week, an overall positive earnings season so far is propping up investor enthusiasm. More than 25% of companies in the S&P 500 have reported their second-quarter earnings, according to FactSet data. Jobless claims data, and preliminary second-quarter GDP data will be released before market open. U.S. Treasury yields declined on Thursday as investors awaited key economic data points that could inform Federal Reserve monetary policy. At 6:07 a.m. ET, the yield on the 10-year Treasury was down by over 6 basis points to 4.222%. The 2-year Treasury yield was last more than 6 basis points lower to 4.352%. Japan’s Nikkei 225 marked its seventh straight day of losses to plunge 3.28%, leading declines among Asian indexes as the region saw a broad sell-off after Wall Street tumbled overnight. Nikkei closed at 37,869.51, its lowest since April. The broader Topix fell 2.98% to 2,709.86, marking its largest one day fall since Feburary 2021.South Korea’s Kospi lost 1.74% to end at 2,710.65, while the Kosdaq was down 2.08% to end at 797.29. The index was dragged by heavyweight SK Hynix, which also fell 8.87%. Hong Kong Hang Seng index was down 1.8% as of its last hour of trading, while mainland China’s CSI 300 fell 0.55% to 3,399.27, its lowest level since February. Australia’s S&P/ASX 200 dropped 1.29% to 7,861.2. Taiwan’s market were closed for a second day, as the island braces for Typhoon Gaemi. Oil prices fell on Thursday on mixed demand signals a day after large draws on U.S. inventories while consumption in China, the world’s largest crude importer, remains lacklustre. Brent crude futures for September fell 74 cents, or 0.9%, to $80.97 a barrel by 0855 GMT. U.S. West Texas Intermediate crude for September slid 74 cents, or 1%, to $76.85. Both benchmarks rose on Wednesday, snapping consecutive sessions of declines after the Energy Information Administration said U.S. crude inventories fell by 3.7 million barrels last week. That compared with the 1.6 million barrel draw expected by analysts in a Reuters poll. Gold prices fell on Thursday as investors booked profits ahead of U.S. economic data that could offer more cues on when the central bank will cut interest rates this year and by how much. Spot gold fell 0.9% to $2,375.13 per ounce. U.S. gold futures dropped 1.7% to $2,374.60. “When you look from a fundamental perspective, there are no factors pressuring gold. So, it looks like we are seeing some profit-taking and from a technical perspective, prices could move lower,” said Kelvin Wong, OANDA’s senior market analyst for Asia Pacific.