M Alfathan Rahman
M Alfathan Rahman
US GDP and PCE inflation data land at 8:30 a.m. ET, then Amazon and Intel report results after the close.
The S&P 500 rose 0.28% to 7,743.98 and the Nasdaq Composite rose 0.27% to 26,549.85 on Wednesday, according to Yahoo Finance. After the close, Alphabet shares fell 9.97% in after-hours trading.
Alphabet's third-quarter profit came in well below forecasts, according to Investing.com. Tonight it is Amazon's and Intel's turn to report.
| Stock | Movement | What to Watch |
|---|---|---|
| AMZN | Up 0.59% to $254.60 on Wednesday, down 0.31% after hours; reports after the close | Q3 results against Amazon's own guidance of $197 billion to $202 billion in net sales |
| INTC | Up 1.91% to $95.53 on Wednesday, down 2.63% after hours; reports after the close | Q3 results and the outlook for the next quarter |
| GOOGL | Up 1.34% to $324.89 on Wednesday, down 9.97% after hours | The first regular session after Q3 results with revenue of $127.6 billion |
| MSFT | Flat (-0.06%) at $531.01 on Wednesday, up 2.88% after hours | The first regular session after Azure grew more than expected |
Source: Wednesday closing prices and after-hours moves from Yahoo Finance; Amazon's guidance from its Q2 results release; Alphabet's revenue from its SEC filing; Azure from Investing.com; report timing from the Amazon and Intel investor sites.
The BEA releases its advance estimate of third-quarter 2026 GDP and September personal income and outlays, which include the PCE price index, at 8:30 a.m. ET, according to the BEA schedule.
The data comes a day after the Fed held rates in a range of 3.75% to 4%. Two members, Lisa D. Cook and Beth M. Hammack, voted for a quarter-point increase, according to the Fed's statement.
Amazon (AMZN) reports Q3 results after the market closes, with its call at 5 p.m. ET, according to Amazon. Amazon guided for net sales of $197 billion to $202 billion and operating income of $22.5 billion to $26.5 billion, according to its Q2 results release.
In Q2, AWS segment sales rose 37% to $42.2 billion. When Alphabet reported, analysts pointed to heavy spending on AI and data centers, according to Investing.com, so Amazon's capital spending will also be in focus.
Intel (INTC) also reports Q3 results after the market closes, with its call at 2 p.m. PT, according to Intel. The stock rose 1.91% on Wednesday, then fell 2.63% in after-hours trading, according to Yahoo Finance.
As of 12:25 a.m. ET, Nasdaq 100 futures were down 1.22% and S&P 500 futures were down 0.39%, while Dow futures were up 0.37%, according to Yahoo Finance.
Outside the watchlist, South Korea's Samsung Electronics reported a nearly ninefold jump in third-quarter operating profit on demand for AI chips, according to Investing.com.
WTI crude fell 1.42% to $101.32 a barrel as of 12:25 a.m. ET, according to Yahoo Finance. Traders are weighing signs of fresh diplomacy on Iran, according to Bloomberg.
Tonight's GDP and PCE data give a read on US growth and inflation, a day after two Fed members voted for a rate increase.
After the close, Amazon and Intel continue the Q3 reporting season, with AI capital spending still in focus after Alphabet's report.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
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