| U.S. stock futures are mixed, with Nasdaq futures edging slightly higher after results from some of the biggest tech companies in the world last night, while oil prices slip off 4-year highs ahead of another busy day of earnings and economic data, which will include GDP, PCE inflation, jobless claims, personal income and Chicago PMI. Oil prices reached their highest level since 2022 on a report that President Trump is looking at fresh Iran military options, stoking concerns of an escalation in hostilities. Out of the big four earnings results in tech last night that will likely impact the broader tech/semi/optical/memory/Ai sectors. GOOGL Q1 revenue and profit that beat projections, fueled by strong growth in its cloud computing unit; AMZN Q1 AWS revenue rises 28%, surpassing estimates due to enterprise AI spending while invests heavily in AI partnerships with OpenAI and Anthropic; META big Q1 beat, mixed Q2 guide while shares fall on capex spending; MSFT cloud business reported growth that narrowly beat analysts’ estimates. Another huge morning of earnings with Dow components CAT, MRK reporting better than expected results, lifting shares and Dow futures and then we get Apple (AAPL) earnings after the close. In capex spending: AMZN, which said in January that it expected its capital expenditures in 2026 to approach $200 billion, told investors on its earnings call that its plan remained “largely the same.” GOOGL raises 2026 CAPEX guidance to $180B-$190B from prior $175B-$185B and says 2027 CAPEX to significantly increase from 2026; META raises view to 2026 capital expenditures $125B-$145B above its prior view $115B-$135B; MSFT expects capex spending for calendar year 2026 to reach $190 billion, including $25 billion due to higher component pricing. |