US stock futures rise, Alphabet surges on strong earnings

Investing.com-- U.S. stock index futures rose in evening deals on Tuesday, underpinned by a surge in Google owner Alphabet after the technology giant clocked strong earnings that set a positive tone for upcoming prints from its peers.

Its cloud business- which is closely linked to AI- grew at its fastest pace in eight quarters, while election-related spending also boosted advertisement sales, especially on YouTube. Volatility in stock markets is also expected to pick up in anticipation of the 2024 presidential election, with voting set for November 5. Donald Trump and Kamala Harris are set for a tight race, although recent polls and prediction markets showed Trump gaining some ground.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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The UK’s antitrust regulator will formally investigate Alphabet’s $2.3 billion Anthropic investmentWill Shanklin has been writing about gadgets, tech and their impact on humanity since 2011. Before joining Engadget, he spent five years creating and leading the mobile technology section for New Atlas. His work has also appeared on SlashGear, TechRadar, Digital Trends, AppleInsider, Android Central, HuffPost and others.
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