Nasdaq 100 futures edge to fresh session lows

As the European morning unfolds, the US equity futures have all fallen a little further into the red. In pure percentage terms the Nasdaq 100 is leading at the moment. The noted plethora of S+P 500 earnings reports due out today also concerns the Nasdaq 100, when it comes to the big one after the closing bell tonight. That is is of course Alphabet (GOOGL). So we should have a look at what the markets are expecting here, as it could have a dramatic impact on the Nasdaq 100 futures after the closing bell. The markets are forecasting a Q1 EPS of $2 on revenue of $89.28 billion. Anything markedly outside of that in either direction will have an impact on GOOGL in the grey market and consequently on the Nasdaq 100 futures. That is because GOOGL is ranked in the top 10 of leading components by market cap, behind the likes of Apple, Microsoft, NVIDIA, Amazon, Broadcom, Netflix and Meta. As mentioned earlier, the Nasdaq 100 closed last night at 18,693. It is currently priced to reopen around 18,515