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Stock market today: US futures jump, fueled by stellar Alphabet, Microsoft earnings [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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But a key inflation report ahead could put a spoke in the wheel. S&P 500 ( ^GSPC ) futures rose roughly 0.8%, while contracts on the tech-heavy Nasdaq 100 ( ^NDX ) jumped 1%. Futures on the Dow Jones Industrial Average ( ^DJI ), which includes fewer tech stocks, were up 0.1%. Gains for Alphabet and Microsoft are giving stocks a lift after Thursday's sell-off , with rises of around 12% and 4%, respectively. The stellar results from the "Magnificent Seven" duo showed cloud revenue boosted by strong AI demand — and scope for both to benefit from that boom. That fired up confidence that earnings from the Magnificent Seven techs can lift the broader market out of the doldrums — confidence that had taken a knock from Meta's ( META disappointing forecast earlier in the week. At the same time, the market is bracing for the release Friday morning of the Federal Reserve's preferred inflation gauge, the personal consumption expenditures price index for March. Stocks sold off on Thursday
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