U.S. futures largely lower; earnings from Microsoft, Alphabet in focus

Investing.com -- U.S. stock futures traded largely lower Wednesday, handing back some of the previous session’s gains as investors digest quarterly earnings from both Microsoft and Alphabet started the ball rolling for the major tech sector, the group that has powered the majority of the S&P 500’s 10% gains year-to-date, releasing their results after Tuesday’s close,

Alphabet's cloud-based revenue fell short of analysts' expectations, pushing its stock down more than 6% premarket, while Microsoft shares rose just under 4% after its investment in artificial intelligence bolstered growth in its cloud business Azure.) takes the spotlight after the close Wednesday, and analysts will be listening for updates on the Facebook and Instagram parent’s efficiency efforts and advertising business.

The prospect of a deescalation in the Israel-Hamas war also stymied bets that the conflict will disrupt Middle Eastern oil supply, as multiple reports suggested that Israel had delayed a planned ground assault on Gaza.industry body showing that U.S. inventories shrank more than 2 million barrels last week, with fuel demand remaining strong even after the end of the summer season.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow futures tick higher, Microsoft gains 3.5%, Alphabet sheds 6.5% after earningsDow futures tick higher, Microsoft gains 3.5%, Alphabet sheds 6.5% after earnings
Source: Investingcom - 🏆 450. / 53 Read more »

Stocks making the biggest moves after hours: Microsoft, Alphabet, Snap and moreThese are the stocks posting the largest moves in extended trading.
Source: CNBC - 🏆 12. / 72 Read more »

Microsoft stock gains, Alphabet sells off as mega-caps post earnings resultsMicrosoft (MSFT) won the battle of the mega-caps late Tuesday as it and Alphabet (GOOGL) both posted their earnings results for the most recent quarte
Source: FXStreetNews - 🏆 14. / 72 Read more »