Alphabet Pressures Wall Street Pre-Bell; Asia Mixed, Europe Up

07:09 AM EDT, 10/29/2026 (MT Newswires) -- Wall Street futures pointed lower pre-bell Thursday after tech colossus Alphabet (GOOG, GOOGL) reported Q3 earnings down year over year, amid mounting capital outlays. In futures, the Nasdaq declined 1% pre-bell, partly as Alphabet shares fell 10.2% in morning trades. S&P 500 futures fell 0.3%, and the Dow Jones was flat. Traders also await the Q3 gross national product (GDP) bulletin from Washington, slated for an 8:30 am ET release. The personal consumption expenditures-core price index (PCE-core) for September, the Federal Reserve's preferred inflation gauge, will also post at 8:30 am. In economic news, West Texas Intermediate crude oil traded down 1.4% to $101.39, and 10-year US Treasury yields were easier near 5.00%. The VanEck Semiconductor exchange-traded fund (SMH), a proxy for the sector, traded down 1.7% pre-bell. Amazon.com (AMZN) and Intel (INTC) report earnings after the closing bell. Asian exchanges traded unevenly overnight after South Korea semiconductor giant Samsung Electronics reported record Q3 earnings, but delayed a new shareholder-return program and, in comparison to rival SK Hynix, issued tempered guidance on chip demand. European bourses tracked moderately north midday on the continent. Also on the economic calendar is the weekly jobless claims bulletin at 8:30 am ET, and the EIA natural gas report at 10:30. In pre-market action, Bitcoin traded at $80,058, and spot gold commanded $4,027 an ounce.