Alphabet (GOOGL) beats estimates on Q3 earnings- Nasdaq 100 futures rise above 20,600

The eagerly awaited Q3 earnings report from the internet and tech giant, Alphabet (GOOGL) have just been released. The markets were forecasting an EPS of $1.84 and Q3 revenue of $86.31 billion. That forecast has been beaten with EPS of $2.12 and earnings of above $88 billion.     Despite being ranked ninth in the Nasdaq by market cap, Alphabet is also a major stock within the S+P 500, where it sits in sixth place  and of course it is a member of the magnificent 7. Ahead of this earnings report the Nasdaq 100 had continued to press higher and once again significantly outperform the Dow Jones, but at the same time elevating the S+P 500 back towards 5,850. The Nasdaq 100 had traded to exactly 20,600 ahead of the close, up from a low today at 20,294. The index has just ended the session at 20,550, which was a new record close, despite falling short of the all time intraday record at 20,690 set on July 10. The Nasdaq 100 futures have lurched back above 20,600 on this news