U.S. stock futures were mixed on Wednesday night following the release of earnings from four Big Tech companies, including Amazon (AMZN), Microsoft (MSFT), Meta (META), and Alphabet (GOOGL). Also, investors reacted to a highly divided Federal Reserve decision and an escalation in geopolitical tensions in the Middle East.
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Forget margin or options. Here's how the pros trade QQQFutures on the Nasdaq 100 (NDX) and the S&P 500 Index (SPX) were up 0.44% and 1.01%, respectively, at 9:15 p.m. EDT on April 29, while the Dow Jones Industrial Average (DJIA) futures were down 0.28%.
In after-hours trading, Meta Platforms (META) fell 7% after weaker user growth and softer capex, while Microsoft (MSFT) was little changed despite strong Azure growth. Alphabet (GOOGL) jumped 7% on a revenue beat and solid cloud performance, and Amazon (AMZN) rose about 3% after topping expectations with strong cloud growth.
During the regular trading session, major indices ended lower after the Fed kept interest rates unchanged. The Dow fell 0.6%, and the S&P 500 slipped less than 0.1%. However, the Nasdaq inched 0.04% higher.
Oil prices also climbed after President Donald Trump warned of an extended blockade of Iran. At the time of writing, Brent crude (CM:BZ) was up by 1.62% to $119.94 per barrel, while WTI crude (CM:CL) gained 0.68% to $107.61.
Looking ahead, earnings reports are due from Eli Lilly (LLY), Mastercard (MA), Merck (MRK), Caterpillar (CAT), Roku (ROKU), Apple (AAPL), Rivian (RIVN), Roblox (RBLX), and Twilio (TWLO) tomorrow.
On the economic front, the initial jobless claims report, Q1 GDP estimate, personal income, personal spending, and the personal consumption expenditures (PCE) price index reading will be released on Thursday.