S&P 500 futures fall after latest earnings, Alphabet's revenue miss: Live updates
Published On Feb 4, 2025, 6:03 PM
The stock market saw a decline in futures trading following disappointing earnings from Alphabet (Google's parent company), which reported a revenue miss. Alphabet's shares fell nearly 9% in after-hours trading. Overall, S&P 500 and Nasdaq 100 futures dropped by 0.29% and 0.41%, respectively, amid a mixed earnings season, with other companies like Chipotle also reporting lower-than-expected sales, while Snap exceeded estimates. The earnings season will continue with upcoming reports from companies like Walt Disney and Uber. Additionally, tariff tensions were noted as the Chinese government imposed duties on U.S. imports.
Stock Forecasts
GOOGL
Negative
Alphabet's revenue miss suggests a challenging market for tech giants that must balance spending on growth and AI with profitability. This could impact their stock prices negatively.
CMG
Negative
Chipotle's lower same-store sales may affect investor confidence as they missed expectations, indicating potential challenges in maintaining customer growth in a competitive market.
SNAP
Positive
Snap's earnings beat indicates strong performance in a tough market, which could support continued investor interest and potentially positive movement for its stock.
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