U.S. stock index futures were mixed as investors digested a batch of megacap tech earnings and the Federal Reserve's latest rate decision. By 04:03 ET, Nasdaq futures had fallen 400 points, or 1.3%, S&P 500 futures were down 36 points, or 0.5%, and Dow futures were up 150 points, or 0.3%. Alphabet shares were set to drop more than 10% in premarket trading after its third quarter missed expectations, mainly due to weak services revenue and the slowest ad revenue growth in five quarters. Capital expenditures rose $6.5 billion from the prior quarter to $51.4 billion. Samsung's semiconductor operating profit fell short of expectations and its shares fell more than 4% in Korea, even though group-wide operating profit hit a record 100 trillion won (about $74.52 billion). Microsoft shares gained in premarket trading after first-quarter revenue rose 19% to $92.28 billion and Azure grew 48%. Fed Chair Kevin Warsh questioned whether higher interest rates could curb heavy AI spending.
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Related tickers and likely impact
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/28/2026 | 325.61 |
| Change that session | +1.57% |
MSFT
• NeutralMicrosoft
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/28/2026 | 530.83 |
| Change that session | -0.09% |
QQQ
• NeutralInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 725.59 |
| Change that session | +0.60% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 772.35 |
| Change that session | +0.35% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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