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We know the fallout across the Nasdaq 100 futures since the close last night and the impact of the slide in GOOGL, which sent the index tumbling, despite the beat and gains for MSFT. Well later this evening we get another tech titan reporting their Q3 earnings. That is Amazon (AMZN) and it is ranked no 4 in the Nasdaq and the S+P 500, where it is no 5 for GOOGL. We also note that AMZN is ranked 15 in the Dow Jones by market cap.
So, the question now for the Nasdaq 100, beyond the impact of some important US data releases this afternoon; can AMZN smash it out of the park and help to reverse the losses for the Nasdaq 100 ahead of the month-end tomorrow.
So, at 8pm GMT the markets are expecting Q3 earnings from Amazon of $202.20 billion, with an EPS of $1.97. We shall be on hand this evening to cover that earnings report. As to whether this earnings report can reverse the damage inflicted by Alphabet remains to be seen. Since the earlier update on the index, the opening call has tuned lower again and right now the index is pricing the opening around 29,445
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