U.S. stocks on the move: Alphabet, Ford, DoorDash
SPY•U.S. stocks were set to open lower as Alphabet’s results renewed concerns about AI spending, while investors assessed inflation data after the Federal Reserve held rates steady. Ford fell despite a profit beat, and DoorDash rose after striking a $17 billion deal for Instacart.
1. Stocks set for lower open
U.S. stocks were on track to open lower as Alphabet’s results rekindled concerns about soaring AI costs and investors assessed fresh inflation data after the Federal Reserve kept interest rates unchanged. Ford shares fell despite a profit beat, while DoorDash shares rose after striking a $17 billion deal for rival Instacart.
