"After several record-setting days, markets are flat to down at the moment. Dow futures are down 139, as the S&P 500 fights to hold on to a single point. The NASDAQ is up about three points. All as investors digest the latest round of earnings. Plus, President Trump's meeting with Chinese President Xi Jinping seems to have gone well, with rare earth restrictions lifted."
"Revenue of $102.35 billion was also better than the estimates of $99.89 billion. The company also posted solid numbers in its cloud business thanks to growing demand for artificial intelligence. And it increased capex for 2025. "With the growth across our business and demand from Cloud customers, we now expect 2025 capital expenditures to be in a range of $91 billion to $93 billion,""
Markets opened flat to down after several record-setting days, with Dow futures down 139, the S&P 500 barely holding steady and the Nasdaq slightly up. Investors are digesting mixed results from major tech firms. Alphabet beat EPS and revenue, reported strong cloud demand, and raised 2025 capital-expenditure guidance to $91–$93 billion. Meta posted revenue above estimates but fell in premarket trading after a $15.93 billion one-time charge despite stronger EPS. Microsoft saw net income rise but took a $3.1 billion hit related to its OpenAI investment. Beijing paused rare-earth export controls for a year and fentanyl-linked tariffs were cut.
Read at 24/7 Wall St.
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