Alphabet, Microsoft earnings in focus; Warsh on AI, rates - what’s moving markets

Investing.com - Futures linked to the main U.S. stock indices are mixed, as investors parsed through a fresh batch of megacap technology sector earnings and digested the Federal Reserve's latest interest rate announcement. Elsewhere, Federal Reserve Chair Kevin Warsh casts doubt over whether higher interest rates could impact runaway artificial intelligence spending. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » 1. Nasdaq futures drop Nasdaq futures, in particular, have slumped. By 04:03 ET (08:03 GMT), the Nasdaq futures contract had dropped by 400 points, or 1.3%, S&P 500 futures had declined by 36 points, or 0.