
December Nasdaq 100 E-Mini futures (NQZ23) are trending down -0.61% this morning as disappointing results from Alphabet’s cloud business overshadowed upbeat earnings results from Microsoft while investors looked ahead to the next round of corporate earnings.
Alphabet Inc (GOOGL) slumped over -6% in pre-market trading after the company reported weaker-than-expected Q3 revenue from its cloud computing unit, overshadowing better-than-expected overall results. At the same time, Microsoft Corporation (MSFT) rose more than +3% in pre-market trading after the tech giant posted stronger-than-expected Q1 results, aided by strong growth in its Azure cloud.