BUZZ-U.S. STOCKS ON THE MOVE-Alphabet, Microsoft, Amazon, Skechers
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures were higher on Friday after strong quarterly results from Alphabet, Microsoft and Amazon fueled a broad rally across the technology sector. Dow Jones industrial average futures were up 0.86 percent at 17,557, S&P 500 futures were up 0.77 percent at 2,068.75 and Nasdaq 100 futures were up 1.38 percent at 4,615.5.
** ALPHABET INC, Thursday close $681.14, +9.93 pct premarket
The new holding company for Google introduced its first share buyback and beat Wall Street's profit forecast on Thursday, helped by solid progress in mobile and video advertising.
** MICROSOFT CORP, Thursday close $48.03, +10.10 pct premarket
The company reported better-than-expected third quarter adjusted revenue for the ninth quarter in a row, driven by demand for cloud products.
** AMAZON.COM INC, Thursday close $563.91, +10.57 pct premarket
The e-commerce company on Thursday recorded a surprise profit for the second quarter in a row, propelled by higher sales in North America and its cloud computing business. Continued...