U.S. stock index futures fell on Wednesday evening, mainly after Alphabet (GOOGL) dropped sharply when its third-quarter profit missed expectations. Alphabet lost 9.8% in aftermarket trade, while Microsoft rose 2.7% after beating expectations on both top and bottom lines, with its Azure unit growing faster than expected. Nasdaq 100 futures slid 1.2% to 29,619.50 points, S&P 500 futures fell 0.5% to 7,743.25 points, and Dow Jones futures dipped 0.06% to 52,663.0 points. Investors also weighed Fed comments hinting at more rate hikes and concerns over whether heavy AI spending will generate adequate returns.
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Related tickers and likely impact
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: high
| 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
▲ Likely positiveMicrosoft
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
▼ 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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