Nasdaq Futures Jump After Amazon, Google Earnings Beat Targets

Futures on the Nasdaq 100 Index rallied after Amazon.com, Microsoft and Google parent Alphabet all posted quarterly profit that topped estimates, together adding about $ 100 billion to their shares in after-hours trading.

All three stocks soared at least 7 percent. Facebook Inc. added 2.2. percent. Nasdaq futures expiring in December traded at 4,574.50, or 2 percent above their level at the 4 p.m. close Thursday in New York.

Source : Bloomberg

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U.S. Stocks Little Changed as Amazon Shares Jump, Biogen Falls

U.S. stocks were little changed, following three days of declines, as a rally in Amazon.com Inc. and Visa Inc. after better-than-expected results offset declines in Biogen Inc.

The Standard & Poor’s 500 Index slipped 0.1 percent to 2,100.44 at 9:32 a.m. in New York, below its average price during the past 50 days.

A private gauge of Chinese manufacturing unexpectedly fell to the lowest in 15 months, reinforcing the need for further policy support in an economy that had seen signs of stabilization recently.

The S&P 500 has lost 1.2 percent this week through Thursday, and is headed toward its fourth weekly decline out of five. The gauge is 1.4 percent away from its May record, after sliding as much as 4 percent from the high as concerns about Greece’s debt crisis and China’s stock market rout weighed on sentiment.

Source: Bloomberg

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