Stock futures are mixed as earnings season continues: Live updates
Stock futures trade in mixed territory as Wall Street reacts to corporate earnings and prepares for the Federal Reserve interest rate decision. Major U.S. stock averages previously ended a session with solid gains, but recent momentum faces headwinds following a disappointing third-quarter report from Alphabet. Alphabet shares tumbled after results revealed artificial intelligence spending outpacing advertising revenue, wiping billions off its market capitalization. Meanwhile, investors eye upcoming tech results from Microsoft and broader macroeconomic catalysts.
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- ✓ US stock futures traded in mixed territory as investors prepared for quarterly results from major technology companies and the Federal Reserve's latest interest rate decision.
- ✓ Alphabet reported a disappointing third quarter, and shares tumbled after the results were released.
- ✓ Alphabet shares fell 13% wiping $511 billion in market value after Q3 results showed AI-driven costs outpacing advertising revenue.
- ✓ Stronger-than-expected earnings from South Korean semiconductor manufacturer SK Hynix provided further evidence of demand linked to artificial intelligence infrastructure.
What changed
Stock futures turned mixed as technology earnings results and upcoming Federal Reserve rate calls prompted cautious trading.
Live updates
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US Stock Futures Mixed as Earnings and Fed Decision Loom
Stock futures trade in mixed territory as Wall Street reacts to corporate earnings and prepares for the Federal Reserve interest rate decision. Major U.S. stock averages previously ended a session with solid gains, but recent momentum faces headwinds following a disappointing third-quarter report from Alphabet. Alphabet shares tumbled after results revealed artificial intelligence spending outpacing advertising revenue, wiping billions off its market capitalization. Meanwhile, investors eye upcoming tech results from Microsoft and broader macroeconomic catalysts.
Why it matters
The recent market caution reflects shifting sentiment around high-valuation technology companies and heavy artificial intelligence infrastructure spending. Corporate earnings releases continue to drive index movements, with particular scrutiny on whether massive capital expenditures in artificial intelligence will deliver near-term returns. Broader market direction also depends on monetary policy signals from the Federal Reserve as traders parse upcoming interest rate determinations.
What is confirmed
- US stock futures traded in mixed territory as investors prepared for quarterly results from major technology companies and the Federal Reserve's latest interest rate decision.
- Alphabet reported a disappointing third quarter, and shares tumbled after the results were released.
- Alphabet shares fell 13% wiping $511 billion in market value after Q3 results showed AI-driven costs outpacing advertising revenue.
- Stronger-than-expected earnings from South Korean semiconductor manufacturer SK Hynix provided further evidence of demand linked to artificial intelligence infrastructure.
- Merck beat Q3 estimates and lifted its full-year earnings per share outlook as Keytruda and Qlex drove revenue.
Still unconfirmed
- The AI trade is starting to lose momentum following an Anthropic filing.
What to watch next
- Alphabet and Microsoft earnings reports released after the market closes
- The Federal Reserve's latest interest rate decision
- Developments in the Israel election and ongoing Houthi strikes affecting Gulf security
confidence 90%Sources used for this update (14)
- www.investors.com — Stock Market Today: Stock Market News And Analysis
- timesofindia.indiatimes.com — Saudi Arabia Turns To Iran Amid Houthi Strikes, Dealing Trump A Major Gulf Blow? - Times of India Videos
- www.cnbc.com — Stock futures are little changed after Wall Street starts the week on a winning note: Live updates
- CNBC — Stock futures are little changed after Wall Street starts the week on a winning note: Live updates
- economictimes.indiatimes.com — Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex trades flat, Nifty above 22,750; media stocks gain, IT slips
- Bloomberg.com — AI Trade Starts to Lose Momentum After Anthropic Filing
- WSJ — Stock Futures Steady as Anthropic Rally Stalls, Israel Election in Focus
- Seeking Alpha — 3 things to look out for on Tuesday
- Barron's — Stock Market Today: Dow, S&P 500, Nasdaq Trading Cautious as Tech Earnings, Fed Rate Call Loom
- www.cnbc.com — Stock market today: Live updates - CNBC
- finance.yahoo.com — US Stock Futures Mixed Ahead of Alphabet, Microsoft Earnings ...
- www.saasrise.com — Alphabet wipes $511 B off market cap as AI spend outpaces ad revenue growth
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