IVV ETF Price $775.65 Slips After Hours as Alphabet Misses and Microsoft Beats — $785 Record in Sight
iShares Core S&P 500 ETF (IVV) closed at $775.65, up 0.31%, but fell 0.30% in after-hours trading due to Alphabet's earnings miss and Microsoft's beat. Alphabet's revenue and earnings missed expectations, causing its shares to drop 7-9%. Microsoft's revenue grew 19%, with Azure revenue up 48%, boosting its stock 2-4%. IVV is near its 52-week high of $785.03, up 22.7% from its low. The Fed held rates steady, with two officials dissenting for a hike.
How this was made
The 30-second read
Why it matters
Alphabet’s miss drags the index, while Microsoft’s beat provides a partial offset; the Fed hold adds little surprise.
Market read
Mixed earnings from the two biggest S&P 500 weights created a net dip in the index and its flagship ETF.
What to watch
Investors may under‑weight the impact of Microsoft’s Azure growth on broader cloud demand.
Background
The article reports the latest earnings of Alphabet and Microsoft and the Fed’s rate decision, linking them to the IVV ETF price.
Ticker impact
Alphabet reported Q3 revenue and earnings miss, shares fell 7-9% after hours, impacting the S&P 500.
likely pressure as the market prices in the earnings miss
The miss was larger than expectations and caused an 8% after‑hours drop, which typically drags the broader index.
Microsoft posted fiscal Q1 beat with 48% Azure revenue growth, shares rose 2‑4% after hours.
likely upside as investors reward the strong Azure growth
A double‑digit beat in a heavyweight drives buying pressure, especially after a tech‑sector miss.
The iShares Core S&P 500 ETF closed at $775.65, slipped after hours due to Alphabet's miss and rose on Microsoft’s beat.
slight downside pressure as Alphabet’s weight drags the ETF, partially offset by Microsoft
The ETF’s movement mirrors the net effect of its two largest constituents.
Market effects
Tech sector shows heightened volatility as the largest S&P 500 constituents diverge.
U.S. equity markets experience net pressure from the earnings miss.
The S&P 500 movement influences global risk sentiment and index‑linked products.
Counterpoint
Alphabet’s long‑term growth prospects may outweigh the short‑term miss, presenting a buying opportunity.
Key entities
- companyAlphabet Inc.
Largest S&P 500 constituent, reported Q3 earnings miss.
- companyMicrosoft Corp.
Second‑largest S&P 500 constituent, reported fiscal Q1 beat.
- ETFiShares Core S&P 500 ETF
Tracks the S&P 500, price moved on mixed earnings.
