June S&P 500 E-Mini futures (ESM26) are up +0.15%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.22% this morning as investors digest earnings reports from big U.S. tech companies and the latest developments in the Iran war.
Alphabet (GOOGL) climbed over +6% in pre-market trading after Google’s parent company reported stronger-than-expected Q1 results. Also, Amazon.com (AMZN) gained more than +2% in pre-market trading after the e-commerce and technology giant posted strong Q1 results, issued above-consensus Q2 revenue guidance, and CEO Andy Jassy said the company now holds over $225 billion in revenue commitments for Trainium, AWS’s AI chip. At the same time, Meta Platforms (META) slumped over -8% in pre-market trading after the social media giant raised its full-year capital expenditures guidance. In addition, Microsoft (MSFT) slipped more than -1% in pre-market trading as growth in the technology giant’s cloud-computing business in FQ3 fell short of lofty expectations.
