Dow futures slip as Microsoft, Alphabet report earnings

Investing.com - U.S. stock futures were little changed during Tuesday's evening deals, following a positive session for major benchmark indices as investors braced for further earnings results from major tech companies.

By 19:40 ET (23:40 GMT), Dow Jones futures dipped 0.1%, S&P 500 futures remained little changed, and Nasdaq 100 futures fell 0.2%.

Among major reporting companies, Microsoft (NASDAQ:MSFT) dipped 3.9% after reporting Q4 EPS of $2.69 versus $2.55 expected, while revenues were reported at $56.2 billion versus $55.44B expected.

Alphabet (NASDAQ:GOOGL) added 6.5% after the company reported Q2 EPS of $1.44 versus $1.34 on revenues of $74.6B versus $72.82B expected.

Snap (NYSE:SNAP) tanked 18.8% after reporting Q2 losses of $0.02 per share versus expected losses of $0.25 per share. Revenue was reported at $1.07B versus $1.05B expected.

Texas Instruments (NASDAQ:TXN) dipped 4%, reporting Q2 EPS of $1.87 versus $1.76 expected, while revenue came in at $4.53B versus $4.37B expected.

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Ahead in Wednesday's trade, market participants are bracing for a further 25 basis point rate hike from U.S. Federal Reserve policymakers, as well as a fresh batch of earnings results from companies including Meta Platforms Inc (NASDAQ:META), Coca-Cola Co (NYSE:KO), Mattel Inc (NASDAQ:MAT), and Boeing Co (NYSE:BA).

During Tuesday's session, the Dow Jones Industrial Average lifted 26.8 points or 0.1% to 35,438.1, the S&P 500 added 12.8 points or 0.3% to 4,567.5, and the Nasdaq Composite lifted 85.7 points or 0.6% to 14,144.6.

On the data front, CB consumer confidence came in at 117 versus 111.8 expected.

On the bond markets, United States 10-Year rates were at 3.89%.