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Wall Street futures fall on Alphabet slide and US economic data

FinanceInternationalRevista ADVFN35 s readAI summary
Image: Revista ADVFN

Wall Street futures pointed to a lower open on Thursday, with Nasdaq 100 futures down 1.3%, after quarterly results from major companies. Alphabet fell 11.1% premarket after reporting negative free cash flow and revenue below expectations, while Caterpillar dropped 11.7% despite beating estimates and Microsoft rose 2%. Investors also weighed September inflation data in line with expectations and third-quarter growth above forecasts, after the Fed held rates at 3.75%-4.00%.

In 35 seconds

  • Nasdaq 100 futures fell 1.3% ahead of Thursday's open, pressured by the tech sector.
  • Alphabet dropped 11.1% after reporting negative free cash flow and quarterly revenue below expectations.
  • Caterpillar fell 11.7% despite beating revenue and profit forecasts, while Microsoft rose 2%.
Read the full story at Revista ADVFN

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

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