See the full story in the original article.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/28/2026 | 324.89 |
| Change that session | +1.34% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 725.61 |
| Change that session | +0.60% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 772.31 |
| Change that session | +0.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Shares of Google’s parent company just had their worst day ever. Here’s what it means
Shares of Google's parent company fell more than 12% on Thursday, their worst single-day decline on record. The drop was larger than any single day during the Covid-19 pandemic or the 2008 financial crisis.
- Samsung’s Galaxy Fit 4 could undercut Fitbit by $120
- Stocks Break Winning Streak Dragged by Alphabet's Worst Ever Post-Earnings Performance
Stocks fell on Thursday, ending a three-day winning streak, with the Dow down 0.29%, the S&P 500 down 0.32%, and the Nasdaq Composite down 1.40%. Alphabet dropped more than 12%, its worst post-earnings slump since going public over 20 years ago, wiping out some $500 billion in market value after reporting negative free cash flow of $9.07 billion for the third quarter, far below the $2.70 billion analysts expected. The company kept its capex guidance for next year at $195 billion to $205 billion, while facing competition from OpenAI and Anthropic as users take queries outside Google. Odds of a December Fed rate hike slipped to 79.6% from 84.2% after the PCE price index rose 0.5% last month and 3.6% annually, according to CME Group's FedWatch tool.
- U.S. Stock Futures Decline as Alphabet Shares Fall and Investors Assess Economic Data: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures pointed to a lower opening on Thursday, with technology shares under pressure after quarterly earnings from major companies. Nasdaq 100 futures fell 1.3%. Alphabet (NASDAQ:GOOG) dropped 11.1% in premarket trading after results that raised questions about AI spending and cash generation, as the company reported negative free cash flow and revenue described as below expectations. Caterpillar (NYSE:CAT) fell 11.7% premarket despite third-quarter earnings and revenue above analysts' expectations, and the report gave no specific reason beyond the earnings announcement. Microsoft (NASDAQ:MSFT) rose 2% after fiscal first-quarter results beat estimates. In Wednesday's session, the Dow gained 97.53 points (0.2%) to 52,475.10, the S&P 500 added 21.38 points (0.3%) to 7,743.98, and the Nasdaq Composite rose 72.04 points (0.3%) to 26,549.85.
- Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Thursday Amid Disappointing Alphabet Results
The SPDR S&P 500 ETF Trust (SPY) was down 0.4% ahead of Thursday's open, amid disappointing Alphabet results.
- Update: US Equity Indexes Mixed Ahead of Fed Policy Announcements, Mag-7 Earnings
Related markets
Latest news
- Strategy eyes more Bitcoin buys as Saylor touts $30B credit capacity
Strategy, a bitcoin treasury company, plans to fund more bitcoin purchases mainly through preferred-share offerings, and executive chairman Michael Saylor said it could create up to $30 billion in digital credit using its existing balance sheet without issuing new common stock or relying on further bitcoin price gains. Saylor described the possible amounts as $10 billion, $20 billion or $30 billion, and the article notes the $30 billion figure is a possible capacity rather than an announced fundraising target. CEO Phong Le said issuing digital credit would be the main way to acquire bitcoin, and that raising $1 billion to $2 billion a month through STRC could leave some proceeds in dollar reserves with the rest spent on bitcoin. In the third quarter, Strategy reported $19.53 billion in net income, driven largely by a $20.91 billion gain in the value of its digital assets, and its bitcoin holdings reached 848,517 BTC as of Oct. 25, up 26% year to date.
- North Korea’s TraderTraitor linked to $6.3B Binance hack
Crypto investigators TRM Labs, Chainalysis and onchain investigator ZachXBT have linked the $6.3 billion Binance hack to North Korea’s TraderTraitor group. TRM Labs said it attributed the attack with “high confidence,” while ZachXBT said funds stolen from Binance and the earlier Bitget exploit were commingled at the same address after moving through THORChain, indicating the same actor is likely behind both. Chainalysis co-founder and CEO Jonathan Levin put the amount stolen at $6.4 billion, slightly above Binance’s estimated $6.3 billion impact, and said the group was likely responsible. The article also notes US authorities have tied TraderTraitor to major thefts, including the February 2025 Bybit hack and the more than $300 million DMM Bitcoin theft in May 2024, and that the FBI says the group targets employees through social engineering.
- A Major New Solana Blockchain Upgrade Is Now Live. But Here's Why Blockchain Upgrades Rarely Move the Needle for Crypto.
Solana’s Alpenglow upgrade went live on Oct. 21, and Solana is down 4% since then. The article argues upgrades are often priced in before launch, and market conditions usually have a bigger short-term effect on crypto prices. Alpenglow targets transaction finality of about 150 milliseconds, down from roughly 12.8 seconds, but Solana already processed over 1,000 transactions per second, so the author says revenue and activity matter more for its price. Network revenue fell to $141 million in the first half of 2026 from $1.09 billion a year earlier, down 87.1%, according to 21Shares, though Solana still accounted for about 97% of tokenized spot equity trading on DEXes.
- Stocktwits Space Race Monthly: SPCX Holds Up Better Than ASTS, RKLB And PL In October — But VSAT Takes The Crown
Over the past month, SpaceX (SPCX) fell 5%, AST SpaceMobile (ASTS) dropped 27%, Rocket Lab (RKLB) lost 15% and Planet Labs (PL) slipped 13%, while Viasat (VSAT) gained 11%. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, and net income of $4.4 billion, while Starlink had 13.6 million consumer subscribers. Rocket Lab pushed Neutron’s debut to 2027 after finding air pockets in a first-stage tank dome, though an $816 million award lifted the potential value of its two Space Development Agency programs above $1.3 billion. Piper Sandler downgraded ASTS to “Neutral” from “Overweight” and cut its target to $54 from $98. Viasat faced takeover chatter, with analyst Tim Farrar suggesting Amazon could acquire it, though no deal has been announced.
- Apple supplier Luxshare falls as Q3 profit growth slows; 9M profit misses forecast
Luxshare Precision shares fell 2.87% to 46.69 yuan on Friday after the Apple supplier reported slower third-quarter profit growth and missed its earlier nine-month profit forecast. Q3 net profit attributable rose 7% year on year to 5.21 billion yuan on revenue up 14.62%, down from the 18.04% profit growth in the first half of 2026. Nine-month profit of 13.06 billion yuan fell short of the 13.25 billion to 14.40 billion yuan forecast, as a stronger yuan, higher raw-material prices and rising expenses weighed on results, and financial expenses surged to 3.22 billion yuan. Luxshare expects 2026 net profit attributable of 19.09 billion to 19.92 billion yuan, up 15% to 20%.
- Major European oil companies post record profits
Major European oil companies such as Shell, TotalEnergies, Repsol and OMV posted sharply higher profits in the quarter, helped by higher oil prices after the US and Israeli war against Iran. Brent crude spot in the North Sea reached $115 a barrel on October 29, up from $72 before the war, pushing petrol and diesel prices to record highs across Europe. Shell earned a profit of $12.1 billion in July to September, TotalEnergies rose 127% to $9.1 billion, Repsol jumped from $640.7 million to $3.1 billion, and OMV rose 68% to $2.36 billion. German Finance Minister Lars Klingbeil and counterparts in several other EU countries called for an EU-wide windfall profits tax, but the European Commission has been cautious and no EU action followed in October. Gulf oil exports are reported to have recovered to 80% of pre-war levels, yet Houthi attacks, sea mine threats in the Strait of Hormuz and warnings of a new US campaign against Iran have kept oil prices nearly double their early-February level.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.