U.S. futures decline after mixed earnings reports

US equity futures are declining as market sentiment shifts negatively following mixed earnings reports, particularly from FedEx and Nike. S&P 500 futures are down 0.2%, while Nasdaq futures have fallen 0.3%. Key tech stocks like Nvidia and Tesla are also experiencing losses. Meanwhile, Micron's stock dropped 3% in premarket trading after reporting weak earnings. Heathrow Airport in London remains closed due to a fire that caused a power outage, leading to significant travel disruptions. In the commodities market, oil prices are dropping as sanctions on a Chinese refinery linked to Iran create uncertainty. Despite these challenges, there has been some optimism among investors, with US stock funds reporting their largest weekly inflows of the year, suggesting confidence in the market's resilience. However, ongoing concerns about rising tariffs and inflation could weigh on economic growth prospects. In Asian markets, stock prices are mixed, with major losses in Chinese shares amid trade uncertainties. The MSCI Asia Pacific Index saw a decline of 0.7%, led by major companies like Alibaba. In currency trading, the dollar has gained slightly, while gold prices fell approximately $13. International markets showed varied reactions, with European stocks generally down, particularly airline shares affected by the shutdown of Heathrow Airport. Market analysts note that with a significant options expiration event coming up, volatility may increase in the coming days, as vast amounts of options contracts expire.