Tech-focused Nasdaq 100 futures (US100:IND) edged up +0.3% in after-hours trading on Wednesday, as a post-earnings climb in shares of Alphabet (GOOG)(GOOGL) countered declines in Microsoft (MSFT) and Meta Platforms (META).
Benchmark S&P 500 futures (SPX) were little changed, while Dow futures (INDU) slipped -0.2%.
Class A shares (GOOGL) of Alphabet rose +5%, while class C shares (GOOG) also added +5% postmarket. The Google parent delivered its first-ever quarter with $100B in revenue, while its AI assistant Gemini app hit over 650M monthly active users.
On the other hand, Microsoft (MSFT) was -2.3% after hours. The Satya Nadella-led tech giant topped quarterly expectations, though its investments in ChatGPT developer OpenAI hit its profit.
Meta (META) fared even worse, sliding -9%. The Facebook owner recorded a one-time income tax charge of nearly $16B and also raised its full-year guidance for total expenses.
Other notable movers after hours include:
- Chipotle Mexican Grill (CMG) slumped -13.5% after the restaurant chain said it now sees full-year comparable restaurant sales to fall in the low-single-digit range from a prior outlook of about flat.
- ServiceNow (NOW) was +2.7% after the workflow digitization platform upped its 2025 subscription revenue guidance and approved a five-for-one stock split.
- FMC (FMC) cratered -19.9% after the agricultural products supplier reported a 49% decline in quarterly revenue due to one-time commercial actions taken in India.
- Align Technology (ALGN) jumped +15.6% after the dental products maker issued current quarter revenue guidance that was above expectations.
Wall Street had earlier closed mixed after Federal Reserve Chair Jerome Powell threw a December interest rate cut into flux. Here are some exchange-traded funds that track the benchmark S&P 500 index (SP500): (SPY), (VOO), (IVV), (RSP), (SSO), (UPRO), (SH), (SDS), and (SPXU).