Nasdaq-100 Futures Decline Following Alphabet Earnings Miss Amid Mixed Hyperscaler Results
U.S. equity futures declined on Wednesday evening as investors reacted to divergent earnings reports from major technology companies. Nasdaq-100 futures fell 0.9% following a 9% drop in Alphabet shares, which missed both revenue and adjusted earnings per share expectations while reporting negative free cash flow of $9.07 billion. In contrast, Microsoft saw its stock rise 3% in after-hours trading due to strong Azure cloud growth. The market's movement follows the Federal Reserve's decision to maintain interest rates between 3.75% and 4%. While the Fed noted that inflation remains elevated, policymakers expressed a desire for more data before committing to further hikes. Investors are now shifting focus toward upcoming economic indicators, including the Personal Consumption Expenditures (PCE) price index and third-quarter GDP data.
Coverage
- Stock Futures Decline Following Disappointing Earnings from Amazon and Intel
- Pre-market Trading Analysis: Alphabet, Microsoft, and Eli Lilly Lead Earnings Volatility
- Nasdaq Futures Decline Following Disappointing Alphabet Quarterly Results
- Jim Cramer Identifies Tech Giants Capable of Withstanding Market Volatility
- Nasdaq-100 Futures Decline Following Alphabet Earnings Miss Amid Mixed Hyperscaler Results