Nasdaq-100 futures dip as Alphabet shares sell off after earnings report: Live updates
Nasdaq-100 futures fell over 1% early Thursday as Alphabet shares dropped following a disappointing third-quarter earnings report. Alphabet tumbled 10.38% in premarket trading after missing expectations on adjusted earnings per share and revenue. The sharp sell-off in the Google parent company dragged down broader tech indexes, with Amazon and Intel shares also tumbling after their respective reports. Investors raised fresh concerns over search woes, worsening cash burn, and whether massive spending on artificial intelligence will deliver expected returns.
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- ✓ Nasdaq-100 futures shed 1.21% early Thursday as investors digested hyperscaler earnings.
- ✓ Alphabet was down 10.38% in premarket trading after missing expectations on adjusted earnings per share and revenue in the third quarter.
- ✓ Amazon and Intel shares tumbled after the companies posted their latest earnings reports.
What changed
Nasdaq-100 futures declined more than 1% following Alphabet's third-quarter earnings miss and subsequent stock plunge.
Live updates
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Nasdaq-100 Futures Dip After Alphabet Earnings Miss
Nasdaq-100 futures fell over 1% early Thursday as Alphabet shares dropped following a disappointing third-quarter earnings report. Alphabet tumbled 10.38% in premarket trading after missing expectations on adjusted earnings per share and revenue. The sharp sell-off in the Google parent company dragged down broader tech indexes, with Amazon and Intel shares also tumbling after their respective reports. Investors raised fresh concerns over search woes, worsening cash burn, and whether massive spending on artificial intelligence will deliver expected returns.
Why it matters
The steep drop in technology shares reflects growing Wall Street anxiety over the returns on heavy investments in artificial intelligence infrastructure. Alphabet's disappointing results reignited worries that big tech companies face mounting competitive pressures in their core search businesses. Federal Reserve rate decisions and upcoming macroeconomic indicators on inflation and growth add caution to an already delicate market momentum.
What is confirmed
- Nasdaq-100 futures shed 1.21% early Thursday as investors digested hyperscaler earnings.
- Alphabet was down 10.38% in premarket trading after missing expectations on adjusted earnings per share and revenue in the third quarter.
- Amazon and Intel shares tumbled after the companies posted their latest earnings reports.
Still unconfirmed
- Google-parent is taking a hit from AI competition.
What to watch next
- Upcoming earnings reports from companies such as Caterpillar and Eli Lilly
- Macroeconomic data releases covering PCE inflation, GDP, and jobless claims
confidence 90%Sources used for this update (23)
- finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance...
- finance.yahoo.com — NASDAQ Composite (^IXIC) Charts, Data & News - Yahoo Finance
- markets.businessinsider.com — NASDAQ 100 INDEX TODAY | NDX LIVE TICKER | NASDAQ 100 QUOTE &...
- www.tradingview.com — Nasdaq 100 Index Chart — NDX Quote — TradingView
- en.wikipedia.org — Nasdaq - Wikipedia
- WSJ — Google Shares Fall as Ad Revenue Misses Estimates
- Yahoo Finance — Google Q3 sales fall short of expectations, stock plunges
- Bloomberg.com — Alphabet Reports Disappointing Revenue, Income; Shares Drop
- CNBC — Our next steps for Alphabet stock after earnings disappoint at nearly every turn
- CNBC — Nasdaq-100 futures dip as Alphabet shares sell off after earnings report: Live updates
- Bloomberg — US Stock Futures Fall After Alphabet, Fed Holds: Markets Wrap
- Reuters — Alphabet stock sinks as search woes cause revenue miss, cash burn worsens
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