Nasdaq-100 futures fall 1% as Alphabet shares sell off after earnings: Live updates
Nasdaq-100 futures declined 1% as Alphabet shares plummeted following the company's earnings report, which missed expectations on adjusted earnings per share and revenue. This downturn in tech stocks has raised concerns about the profitability of artificial intelligence investments. Investors are now awaiting US inflation data and Federal Reserve rate decisions.
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- ✓ Nasdaq-100 futures fell over 1% as Alphabet shares sold off after the earnings report.
- ✓ Alphabet's earnings report missed expectations on adjusted earnings per share and revenue.
- ✓ The decline in tech stocks has raised concerns about the profitability of artificial intelligence investments.
What changed
Alphabet's earnings report led to a sharp decline in its shares, affecting Nasdaq-100 futures, as investors grew concerned about the company's AI spending and its impact on profitability.
Live updates
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Nasdaq-100 futures fall 1% as Alphabet shares sell off after earnings
Nasdaq-100 futures declined 1% as Alphabet shares plummeted following the company's earnings report, which missed expectations on adjusted earnings per share and revenue. This downturn in tech stocks has raised concerns about the profitability of artificial intelligence investments. Investors are now awaiting US inflation data and Federal Reserve rate decisions.
Why it matters
The sell-off in Alphabet shares has impacted the broader tech sector, contributing to the decline in Nasdaq-100 futures. The company's earnings miss has reignited worries about the financial returns on AI investments. This development has significant implications for the tech industry, as investors reassess the viability of AI-driven business models.
What is confirmed
- Nasdaq-100 futures fell over 1% as Alphabet shares sold off after the earnings report.
- Alphabet's earnings report missed expectations on adjusted earnings per share and revenue.
- The decline in tech stocks has raised concerns about the profitability of artificial intelligence investments.
Still unconfirmed
- Investors are awaiting US inflation data and Federal Reserve rate decisions.
What to watch next
- US inflation data release
- Federal Reserve rate decisions
- Alphabet's future earnings reports
confidence 85%Sources used for this update (11)
- CNBC — Nasdaq-100 futures dip as Alphabet shares sell off after earnings report: Live updates
- Reuters — Asian shares wobble as Alphabet earnings miss drags Wall St futures lower
- Yahoo Finance — Google stock gets shredded after earnings—here's 2 reasons why investors hated the quarter
- WSJ — Stock Market Today: Nasdaq Futures Slump After Google Earnings Disappoint — Live Updates
- Bloomberg — US Stock Futures Fall as Alphabet Sales Miss Revives AI Fears
- www.hindustantimes.com — Nasdaq futures fall as Alphabet's AI spending concerns weigh ...
- sahmik.com — Nasdaq-100 Futures Fall Over 1% As Alphabet Shares Sell Off ...
- vizyco.com — Nasdaq-100 futures fall over 1% as Alphabet shares sell off
- www.marketscreener.com — Nasdaq futures fall 1% as Alphabet results intensify AI ...
- www.devdiscourse.com — US STOCKS-Nasdaq futures fall 1% as Alphabet results ...
- www.marketscreener.com — AI Stocks Fall After Alphabet Earnings Disappoint ...
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