Alphabet, Amazon Earnings Trigger S&P 500 Futures Drop
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- S&P 500 futures fell on April 29, 2026 after Alphabet and Amazon released earnings, pulling the index below its recent 7,100‑point level.
- Alphabet posted earnings that beat expectations, prompting investors to reassess growth‑stock valuations.
- Amazon reported earnings and a sizable capex plan, contributing to the market pullback.
- Oil prices surged, adding further pressure on risk‑sensitive assets as the Fed’s policy outlook remained uncertain.
Why it matters: Equity investors see portfolio values dip as S&P 500 futures slipped from above 7,100 points, prompting fund managers to trim exposure to high‑growth tech stocks and tighten risk limits.
