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Traders Digest Alphabet Earnings as US Equity Futures Waver Pre-Bell
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Traders Digest Alphabet Earnings as US Equity Futures Waver Pre-Bell
Nov 3, 2024 2:54 PM

08:10 AM EDT, 10/30/2024 (MT Newswires) -- US equity futures were little changed pre-bell Wednesday as traders digested strong results from technology giant Alphabet (GOOG, GOOGL).

Dow Jones Industrial Average futures slipped 0.2%, S&P 500 futures flatlined, and Nasdaq futures were up 0.1%.

Alphabet shares were up more than 6% pre-bell after the company reported late Tuesday higher Q3 earnings and revenue that topped estimates from analysts compiled by Capital IQ.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.2% at $71.53 per barrel and US West Texas Intermediate crude up 1.2% at $68 per barrel.

Private payrolls based on ADP Institute's Employment Report, scheduled for release at 8:15 am ET, are seen rising by 110,000 in October following a 143,000 increase in September, according to estimates compiled by Bloomberg.

Q3 gross domestic product growth, due at 8:30 am ET, is seen unchanged at a 3.0% annual rate.

The US Treasury is also scheduled to announce its funding needs for the next two quarters at 8:30 am ET.

The Pending Home Sales Index, due at 10 am ET, is seen rising by 1.9% in September following a 0.6% gain in August.

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