Dow Futures Flat, Nasdaq Slips As Alphabet And Caterpillar Drag, Microsoft Gains
Photo: Coinpedia
US stock futures were mixed to lower on Thursday as investors reacted to a heavy round of corporate results. Nasdaq-100 futures fell 1%, S&P 500 futures dipped 0.2% and Dow futures traded near flat. Alphabet sank 10% in premarket trading after missing estimates for adjusted earnings and revenue and reporting negative free cash flow of $9.07 billion. Caterpillar dropped 9% as its construction business sales came in slightly below forecasts. Microsoft rose 2.6% after Azure cloud growth helped it beat expectations, though its lower capital spending weighed on neocloud stocks.
Source: Coinpedia
