Market

Alphabet's Stellar Earnings Propel US Futures Higher: A Closer Look at Market Reactions

Wall Street Futures Climb Following Alphabet's Impressive Earnings

Following a day packed with earnings reports, Wall Street futures saw an upward trend on Friday. Alphabet's first-quarter performance stood out, surpassing expectations with a 12% year-on-year revenue increase and an EPS of $2.81. This positive momentum has set a hopeful tone for the market, with investors keenly watching upcoming reports from SLB and Colgate-Palmolive.

Market Indices Show Positive Movement

At 4:17 am ET, the Dow Jones was up by 0.11%, while the Nasdaq 100 and the S&P 500 added 0.36% and 0.31%, respectively. This indicates a broad-based optimism among investors, fueled by strong corporate earnings.

Euro Dips Against the Dollar

In currency markets, the euro traded 0.36% lower against the dollar at 4:28 am ET, settling at 1.13503. This movement reflects the ongoing fluctuations in global currency markets, influenced by corporate earnings and broader economic indicators.