Business · Markets · 1 hr ago
Markets mixed as Alphabet earnings disappoint and oil prices fall
Global shares and U.S. stock futures were mixed on Thursday after Alphabet reported quarterly revenue that disappointed investors.
The company, Google’s parent, saw its shares fall about 10% in after-hours trading, raising questions about whether AI sales can support its large investments.
Microsoft shares rose after its earnings beat expectations, while some other technology stocks also weighed on markets.
The U.S. Federal Reserve held interest rates steady, though two officials supported a rate increase and analysts said a hike in December was likely as inflation remains high.
Oil prices fell even as U.S. officials warned renewed military action against Iran could follow the November 3 midterm elections; prices remain well above their level before the war began in late February.
Investors are now watching for decisions from the European Central Bank on Thursday and the Bank of Japan on Friday.
Global shares and U.S. futures were mixed on Thursday after Alphabet reported quarterly revenue that disappointed investors.
Alphabet shares fell about 10% in after-hours trading, raising questions about whether its sales can justify its large investments in artificial intelligence.
Oil prices fell despite U.S. officials warning that renewed military action against Iran could follow the Nov. 3 midterm elections.
The Federal Reserve held interest rates steady, while investors awaited decisions from the European Central Bank and Bank of Japan.
Microsoft shares rose nearly 3% in after-hours trading after the company reported better-than-expected earnings.
- Who
- Global investors and markets, with Alphabet among the companies in focus.
- What
- Shares and U.S. futures were mixed, while oil prices fell. Alphabet’s earnings disappointed investors.
- When
- Thursday, October 29, 2026. The Federal Reserve held rates steady on Wednesday.
- Where
- Global markets, including Asia, Europe and the United States.
- Why
- Alphabet’s quarterly revenue fell short of expectations, while investors weighed central bank decisions and developments concerning Iran.
This story does not have two clearly opposing sides.
The Federal Reserve held interest rates steady as it wrapped up its policy meeting.
Wall Street’s S&P 500, Dow Jones Industrial Average and Nasdaq composite each rose.
Asian shares and U.S. futures were mixed, and oil prices fell as markets reacted to Alphabet’s earnings.
- Alphabet shares
- Fell about 10% in after-hours trading
- Federal Reserve
- Held interest rates steady
- Brent crude
- Fell to about $110 per barrel
- U.S. crude
- Fell to about $101 per barrel
- Next U.S. election date
- Nov. 3 midterm elections