S. stock futures are trending lower early Friday as Wall Street digests an over 12% post-earnings plunge in Alphabet Inc.
(NASDAQ:GOOG) (NASDAQ:GOOGL) shares, escalating geopolitical tensions in the Middle East, and ongoing concerns about rising energy costs. The Polymarket traders, a Polygon (CRYPTO: POL) based prediction platform, have turned sharply bearish for the Oct.
30 trading session. ” contract currently reflects a 14% chance of a higher open.
Why That Number Matters Traders are balancing a steep tech selloff against climbing crude oil prices and incoming economic data: Negative Index Futures: Equity futures are in red, driven by a sharp drop in tech. 85%.
89%. 18%.
’s “carrot-and-stick” approach even as Vice President JD Vance reportedly explores diplomatic channels. 98 a barrel.
Alphabet’s Stumble & Big Earnings: Alphabet shares sank over 12% after reporting an unexpected drop in free cash flow and a slowdown in Google’s search engine growth, sparking fears that alternative AI models are eroding its search dominance. Friday’s earnings slate shifts focus to the energy and healthcare sectors, featuring reports from ExxonMobil Holdings Corp.
(NYSE:XOM), AbbVie (NYSE:ABBV), Chevron Corp. (NYSE:CVX), and AstraZeneca PLC (NYSE:AZN).
m. m.
ET. The Bear Case and Market Outlook Market commentator David Morrison noted that the Fed’s recent FOMC meeting statement provided little relief, acknowledging that inflation remains elevated while signaling no immediate rush to hike rates further.
0% (well above the 2% target), the Fed remains in a holding pattern. The tech sector is facing localized pressure following Alphabet’s significant miss on earnings and revenue—its first in nearly four years.
07 billion far exceeded expectations. ’s (NASDAQ:MSFT) capital expenditure guidance indicating a potential spending slowdown, triggered a broader tech selloff.
Cybersecurity and SaaS names like Fortinet Inc. (NASDAQ:FTNT) and ServiceNow Inc.
(NYSE:NOW) took massive 20%–25% hits, raising concerns about whether the current “buy the dip” mentality can sustain the market or if this signals a more significant correction. How the Previous Bet Played Out The Oct.
29 Polymarket contract resolved “Down”. The contract recorded $36,499 in total trading volume.
On Thursday, the SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq-100, respectively, closed lower. 34.
73. Read Also: 'Nvidia is Boeing': Chamath Palihapitiya and Ken Griffin Back Viral Analogy Comparing AI GPUs to Airlines Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
