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Powell indicated the Fed will keep interest rates higher for longer to combat inflation.

Dow Futures Fall as Amazon, Microsoft, Meta Slump; Google Rises

US stock futures fell after Amazon, Microsoft, and Meta reported earnings that missed expectations, while Alphabet gained. Oil prices spiked and Fed Chair Jerome Powell reiterated a hawkish policy stance.

By: Wrqti Editorial

April 30, 2026

2 min read

Source: Investor's Business Daily

US stock futures declined in after-hours trading after Amazon (AMZN), Microsoft (MSFT), and Meta (META) reported quarterly earnings that fell short of analyst estimates. In contrast, Alphabet (GOOGL) shares rose following better-than-expected results. The moves come amid a spike in oil prices and a hawkish message from Federal Reserve Chair Jerome Powell.

Key Stock Moves

Amazon (AMZN): Shares fell after AWS revenue growth slowed and earnings missed estimates.
Microsoft (MSFT): Stock dropped as Azure revenue came in below expectations.
Meta (META): Shares declined on higher costs and weak revenue guidance.
Alphabet (GOOGL): Stock rose after advertising revenue beat forecasts.

Broader Context

Oil prices surged over 2% amid geopolitical tensions, adding to inflationary pressures. Meanwhile, Fed Chair Powell indicated that interest rates would stay higher for longer to combat inflation, weighing on growth-sensitive stocks.

What This Means for Investors

The after-hours moves highlight the market's sensitivity to big tech earnings and forward guidance, especially in a high-interest-rate environment. Investors should watch upcoming inflation data and Fed comments for direction.

Frequently Asked Questions

Futures declined after Amazon, Microsoft, and Meta reported disappointing earnings.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.