Nasdaq futures fall over 300 points after key results; Fed policy treated as non-event by Wall Street
CNBC-TV18 1 hr ago·28 Oct 2026, 11:19 pm
Global markets faced a sharp selloff on Tuesday as investors digested a disappointing earnings season and a lack of fresh direction from the Federal Reserve. The Nasdaq 100 futures dropped more than 300 points, signaling a weak open for major US indices. This pullback follows a string of weak results from big-tech companies, which has rattled investor confidence in the sector's growth story.
The broader market decline highlights a shift in investor sentiment, moving from excitement over artificial intelligence to concerns about profit margins. With the Federal Reserve pausing rate-cut expectations, investors are now focused on whether companies can maintain their high valuations amid rising costs. Traders will closely watch the opening bell to gauge if selling pressure continues or if buyers step in to stabilize the market.
Excerpt from CNBC-TV18
Published On Oct 29, 2026 | 04:46 IST Last Updated On Oct 29, 2026 | 04:49 IST Shares of Google-parent Alphabet fell 10% as it not only missed street expectations on the third quarter results front, but also turned free cash flow negative during the quarter, similar to Meta. This is the first time in four years that…Read the original at CNBC-TV18
Key takeaways
- Category: Economy.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
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