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.
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QQQSPYGOOGLWall StreetDow Jones
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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 | 325.61 |
| Change that session | +1.57% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 725.59 |
| Change that session | +0.60% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 772.35 |
| 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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