U.S. stocks on the move: Microsoft, L3Harris, Eli Lilly
QQQ•Nasdaq futures fell about 1% as Alphabet’s results renewed concerns over AI costs, while investors awaited an inflation reading. Microsoft, L3Harris and Eli Lilly were among the stocks highlighted, with each rising on company-specific news.
1. Market movers
Nasdaq futures fell about 1% on Thursday as Alphabet’s results reignited concerns over mounting AI costs and investors awaited an inflation reading, a day after the Federal Reserve left interest rates unchanged. Microsoft rose as its cloud growth outlook eased spending fears; L3Harris gained after raising annual revenue and profit forecasts; and Eli Lilly rose after lifting its annual revenue view.
