Nasdaq 100 caught between the Fed and Microsoft and Alphabet earnings
The Nasdaq 100 trades around 29,600 points, caught between the Federal Reserve's restrictive stance and earnings from Wall Street's largest companies. The Fed held rates in the 3.75-4.0% range and its chair, Kevin Warsh, said that "interest rates do matter" for AI development. Microsoft grew revenue 19%, with Azure at 48%, but its CAPEX rose 103%; Alphabet fell more than 8% despite lifting revenue 25%.
In 35 seconds
- The Fed held rates at 3.75-4.0% and the market prices a December hike at around 85% probability
- Warsh linked the cost of money to AI financing, pressuring Nasdaq valuations
- Microsoft raised revenue 19% and Azure accelerated to 48%, but its CAPEX jumped 103% to $39.4 billion
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.




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