Skip to main content

Nasdaq 100 futures slip after the close even as MSFT and GOOGL beat the street

The Q4 earnings results from Alphabet and Microsoft have just now been released. The markets were generally expecting some decent data here. Ahead of this the Nasdaq 100 had been trading lower and that looked more linked to a degree of uncertainty ahead of these important reports. The index actually closed lower on the day, in contrast to the Dow Jones, which closed the day with another record closing high. So, Microsoft beat forecasts on revenue and earnings per share, with a beat on cloud based revenue. Alphabet also beat on forecasts, in both revenue and EPS. However, advertising revenue was lower, but cloud revenue was higher. The Nasdaq 100 had closed lower, at 17,476. The impact of these reports has not actually lifted the index future after the close and it is not immediately clear why that it. Further reports on all this will follow, once the dust on all this has settled. Meantime, the Nasdaq 100 futures are reacting to lower pricing on both MSFT and GOOGL in after-hours trading. The index future is currently pricing a reopening at around 17,430 
 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!