ET 19:27

Opening Futures Edge Higher Amid Tech Sell-Off, with GOOG, QCOM and Crypto Weakening

U.S. stock futures edged higher late Wednesday as investors digested mixed earnings and Alphabet's (GOOG) plan for up to $185 billion in AI spending in 2026, following a broader tech sell-off. Dow Jones Industrial Average (YM=F) futures were little changed, S&P 500 (ES=F) futures rose about 0.3%, and Nasdaq 100 (NQ=F) futures gained roughly 0.4%. Alphabet shares fell over 1%, while Nvidia (NVDA) and Broadcom (AVGO) gained as AI-related demand optimism lingered. Qualcomm (QCOM) shares dropped nearly 9% after a softer-than-expected forecast due to global memory shortages. Crypto markets declined as Treasury Secretary Scott Bessent said the government would not bail out bitcoin (BTC-USD), which fell over 13% in five days to about $73,000. Key watch: Thursday's Amazon (AMZN) earnings and Friday's weekly jobless claims data.

EditorWong Mei Ling