Alphabet and AMD report, more earnings and GDP ahead - what's moving markets

Investing.com -- US stock futures edge higher ahead of wave of corporate earnings and a key release of US growth figures for the third quarter. Alphabet shares jump premarket after the Google-owner's cloud unit fuels an increase in profit and revenue that topped estimates. Shares in Advanced Micro Devices following the closing bell on Wall Street.

The figures could factor into how Americans view the state of the economy, a major issue for voters heading into the all-important Nov. 5 presidential election. Polls show the race between Democratic Party candidate Kamala Harris and Republican former president Donald Trump is all but tied.Oil prices rose Wednesday, recouping some of the recent losses as industry data showed an unexpected draw in U.S. inventories.Data from the American Petroleum Institute showed U.S. oil inventories fell 0.

The official inventory data is due later on Wednesday, and if this data matches the API numbers then it could indicate supplies in the world’s biggest fuel consumer were somewhat tight.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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