Nasdaq futures fall 1.2% as Alphabet slides and Microsoft rises on results

Nasdaq 100 futures dropped 1.2% after mixed quarterly results from Alphabet and Microsoft. Alphabet fell 10.5% premarket as revenue of $127.6bn missed forecasts, capex hit a record $51.4bn and free cash flow was negative $9.1bn. Microsoft rose 3.5% on revenue of $92.3bn (+19%) and Azure growth of 48% to $33.2bn.

• Nasdaq 100 futures -1.2%, S&P 500 -0.4%, Dow +0.35%
• Alphabet: revenue $127.6bn misses forecast, FCF -$9.1bn
• Microsoft: revenue $92.3bn (+19%), Azure +48% to $33.2bn
• Fortinet -25.4%, ServiceNow -19% after their results