Stock Futures Mixed Amid Big Tech Earnings Barrage

Nasdaq-100 and S&P 500 futures are in the red

Fernanda Horner

Digital Content Manager

Oct 25, 2023 at 9:17 AM

BA
GOOGL
MSFT
NDX
SPX
DJIA

Dow Jones Industrial Average (DJIA) futures are firmly above breakeven this morning, while futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are pointing to a lower open. Investors have quarterly reports from Alphabet (GOOGL), Boeing (BA), and Microsoft (MSFT) to sift through, with more Big Tech giants set to step into the earnings confessional after today's close.

Continue reading for more on today's market, including:

Put traders enjoyed Wayfair stock's recent slide.
Why the SPX could soon encounter tailwinds.
Plus, how GOOGL, BA, and MSFT are responding to earnings.

Futures 1025

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw more than 1.3 million call contracts and 741,833 puts exchanged Tuesday. The single-session equity put/call ratio rose to 0.55 and the 21-day moving average stayed at 0.68.
Alphabet Inc (NASDAQ:GOOGL) stock is down 6.2% ahead of the open, despite the tech giant announcing better-than-expected earnings and revenue for the third quarter. While advertising bounced back, a cloud revenue miss is weighing on shares. GOOGL is still up 57.3% this year.
Boeing Co (NYSE:BA) today reaffirmed its annual free and operating cash flow outlook, and reported a third-quarter revenue beat. The company slashed its 737 delivery forecast for 2023 on quality issues, however. BA is up 3.3% before the bell, and sports a 28.4% year-over-year lead.
Microsoft Corp (NASDAQ:MSFT) stock is up 3.4% ahead of the bell, after the company's cloud revenue growth accelerated over the fiscal first quarter. Cost-cutting measures and artificial intelligence (AI) investments also contributed to the quarterly earnings and revenue beat. MSFT is up 37.8% so far in 2023.
New home sales data is due out today.

OV Buzz Chart Oct 25

European Markets Edge Higher on Earnings

Asian markets finished mostly higher, with the exception of the South Korean Kospi’s 0.9% drop. Japan’s Nikkei rose 0.7%, as semiconductor stock Kokusai Electric soared following its initial public offering (IPO) – the country’s largest IPO since SoftBank in 2018. Meanwhile, China’s Shanghai Composite added 0.4%, while Hong Kong’s Hang Seng rose 0.6%.

Stocks in Europe are higher at last look, as investors unpack the latest earnings reports. London’s FTSE 100 is up 0.4%, while the French CAC 40 and German DAX both rise 0.2%

Follow @Schaeffers

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.