Wall Street futures were mixed early Wednesday as traders weigh Alphabet and Microsoft earnings and await more tech results later in the day. Major European markets were mostly lower.
The European Central Bank follows on Thursday with its latest monetary policy announcement. That central bank is also expected to keep rates unchanged. “Social media company Snap may have also given a taste of Meta’s results later today with a solid set of Q3 numbers, posting a surprise profit of 2 cents a share as well as beating on revenues sending the shares up over 20% after hours, although the gains didn’t last very long,” he said.
However, the first of two weekly U.S. inventory reports offered some support. The American Petroleum Institute said U.S. crude stocks fell 2.7 million barrels last week. Analysts polled by Reuters had been forecasting a modest increase.
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