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  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Nasdaq 100 caught between the Fed and Microsoft and Alphabet earnings

FinanceInternationalXTB.com35 s readAI summary
Image: XTB.com

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
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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