October 28, 2026

Stock Futures Dip as Fed Holds Rates, Earnings Mixed

Stock Futures Dip as Fed Holds Rates, Earnings Mixed

US stock futures fell in early Asian trading amid mixed tech earnings and no rate hike signal from the Fed.

Early Asian trading saw US stock futures decline as investors processed mixed earnings reports from major tech firms and the Federal Reserve's decision to keep interest rates unchanged. The Fed did not provide clarity on potential rate hikes in December, leaving market participants uncertain. Nasdaq 100 futures dropped 0.9%, while S&P 500 contracts fell 0.4% as Alphabet Inc. shares slid after disappointing results. In contrast, Microsoft Corp. saw its shares rise after hours due to strong cloud sales performance. Oracle Corp. experienced a sharp 11% surge on optimism about its long-term free cash flow outlook. In Asia, equity-index futures for Australia and South Korea showed positive trends, while Japan's futures declined.

Impact
The mixed earnings and lack of Fed guidance are likely to keep market volatility in check for the near term.