Dow futures slip as Microsoft, Alphabet report earnings
Investing.com — U.S. stock futures were little changed during Tuesday's evening deals, following a positive session for major benchmark indices as investors braced for further earnings results from major tech companies.
By 7:40pm ET (11:40pm GMT) Dow Jones Futures dipped 0.1%, S&P 500 Futures remained little changed and Nasdaq 100 Futures fell 0.2%.
Among major reporting companies, Microsoft (NASDAQ:MSFT) dipped 3.9% after reporting Q4 EPS of $2.69 versus $2.55 expected, while revenues were reported at $56.2 billion versus $55.44 billion expected.
Alphabet (NASDAQ:GOOGL) added 6.5% after the company reported Q2 EPS of $1.44 versus $1.34 on revenues of $74.6 billion versus $72.82 billion expected.
Snap (NYSE:SNAP) tanked 18.8% after reporting Q2 losses of $0.02 per share versus expected losses of $0.25 per share. Revenue was reported at $1.07 billion versus $1.05 billion expected.
Texas Instruments (NASDAQ:TXN) dipped 4%, reporting Q2 EPS of $1.87 versus $1.76 expected, while revenue came in at $4.53 billion versus $4.37 billion expected.
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Ahead in Wednesday's trade, market participants are bracing for a further 25 basis point rate hike from U.S. Federal Reserve policymakers, as well as a fresh batch of earnings results from companies including Meta Platforms Inc (NASDAQ:META), Coca-Cola Co (NYSE:KO), Mattel Inc (NASDAQ:MAT) and Boeing Co (NYSE:BA).
During Tuesday's session, the Dow Jones Industrial Average lifted 26.8 points or 0.1% to 35,438.1, the S&P 500 added 12.8 points or 0.3% tp 4,567.5 and the NASDAQ Composite lifted 85.7 points or 0.6% to 14,144.6.
On the data front, CB consumer confidence came in at 117 versus 11.8 expected.
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