Wednesday saw a decline in futures linked to the tech-heavy Nasdaq-100 following the release of the quarterly results from two megacap tech giants. Wall Street also watched the Federal Reserve’s decision regarding interest rate policy.
The futures for the Nasdaq-100 fell 0.8%. While futures for the Dow Jones Industrial Average increased somewhat, those linked to the S&P 500 saw a 0.4% decline.
Following the release of their quarterly reports, Microsoft’s stock fell 1.6% and Alphabet’s fell more than 5% in after-hours trade. It’s true that both businesses outperformed in terms of their top and bottom lines. But Alphabet’s ad income fell short of what experts had predicted.
Source (CNBC)
