Nasdaq-100 futures dip as Alphabet shares sell off after earnings report: Live updates
Nasdaq-100 futures fell 1.2% and S&P 500 futures declined 0.5% as Alphabet's shares dropped 9% after earnings missed expectations, with negative free cash flow of $9.07 billion. Microsoft shares rose 3% after its earnings beat estimates. The Fed held interest rates steady, citing elevated inflation but awaiting more data. Key earnings reports from Caterpillar, Eli Lilly, Amazon, and Intel are upcoming.
How this was made
The 30-second read
Why it matters
The earnings outcomes for Alphabet and Microsoft drive the immediate direction of Nasdaq‑100 futures and set the tone for the trading day.
Market read
Mixed earnings news creates a net negative bias for the Nasdaq‑100 index, with sector‑specific divergence between AI‑focused and cloud‑focused stocks.
What to watch
Alphabet’s capital‑expenditure guidance remains unchanged, indicating confidence in future growth despite the miss.
Background
The article is a live‑update market wrap covering US futures, Asian market moves, and recent earnings releases from major tech firms.
Ticker impact
Alphabet shares fell 9% after reporting Q3 earnings that missed revenue and EPS expectations and posted negative free cash flow.
likely pressure as the market prices in the earnings miss
The article provides the first report of the earnings miss with specific numbers, creating an immediate sell signal.
Microsoft rose 3% in after‑hours trading after its Azure cloud business beat top‑ and bottom‑line expectations in FY Q1.
likely upside as the market prices in the earnings beat
The earnings beat is newly disclosed, providing a fresh catalyst for buying pressure.
Market effects
AI‑related tech stocks may see divergent moves as Alphabet underperforms while Microsoft’s cloud beat supports the sector.
US equity futures dip, reflecting the net effect of the mixed earnings news.
Nasdaq‑100 futures fell 1.2% as the earnings surprise influences global tech sentiment.
Counterpoint
Alphabet’s long‑term AI investments could outweigh the short‑term earnings miss, presenting a buying opportunity on dip.
Key entities
- companyAlphabet Inc.
Parent of Google, reported Q3 earnings miss.
- companyMicrosoft Corp.
Reported FY Q1 earnings beat on Azure growth.
