traders work on the floor of the new york stock exchange during morning trading on january 19 2023 in new york city stock futures ticked higher on thursday as investors tried to hang onto the january rally amid worries about monetary policy and slowing earnings futures tied to the dow jones industrial average rose 40 points or 013 sp 500 and nasdaq 100 futures gained 022 and 041 respectively nordstrom slipped more than 6 in after hours trading after reporting weak holiday sales and cutting its yearend forecast netflix jumped 7 after reporting more subscribers than expected even though its quarterly earnings missed analysts estimates during thursdays session the dow and the sp 500 both closed lower to hit their third negative days in a row as corporate earnings and economic data signal a slowing economy the dow slipped more than 252 points or 076 and is now down 031 year to date the sp 500 shed 076 and the nasdaq composite lost 096 but both indexes are positive for the year for the week however all three indexes are on track to close lower the dow is down 367 on track for its worst week since september the sp 500 is down more than 25 and could notch its worst weekly performance since december the nasdaq is down more than 2 and on pace to break a twoweek win streak the market is focused and is not sure how to react between the backward looking fed analysis of the market versus the forward and leading indicators of the market said tim seymour founder and chief investment officer of seymour asset management on cnbcs fast money those forward indicators include economic data such as retail sales and industrial production this is where the market is starting to break down he said going forward investors will continue to watch corporate earnings with oilfield services name slb and ally financial set to report friday they will also listen closely to speeches from fed officials ahead of the central banks february meeting seeking clues on the size of the rate hike thats likely forthcoming