BUZZ-U.S. STOCKS ON THE MOVE-Alphabet, Microsoft, Diamond Foods

Fri Oct 23, 2015 9:18am EDT
 
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(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. stocks were set to open higher on Friday after a surprise interest rate cut in China added to a broad rally driven by strong quarterly results from Alphabet, Microsoft and Amazon. Dow Jones industrial average futures were up 0.74 percent at 17,536, S&P 500 futures were up 0.62 percent at 2,065.75 and Nasdaq 100 futures were up 1.31 percent at 4,612.25.

** ALPHABET INC, Thursday close $681.14, +10.39 pct premarket

** FACEBOOK INC, Thursday close $99.67, +2.45 pct premarket

New revenue streams such as mobile and video advertising should continue to propel earnings of Google parent Alphabet, whose shares were set to open at a record high on Friday following better-than-expected results, analysts said.

Facebook's shares also rose after Alphabet's strong results.

** MICROSOFT CORP, Thursday close $48.03, +9.64 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.

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