Jamie Chisholm is a markets reporter based in London.
U.S. stock futures were mixed early Wednesday as a sharp decline in Alphabet shares counteracted a jump in Microsoft following earnings.
What’s driving markets The mood in stocks was cautious as investors awaited the next installment of a third-quarter corporate earnings season that so far has been afforded a mixed reception by the market. But this was being counteracted somewhat by lingering concerns about Middle East tensions and reports that troubled Chinese property developer Country Garden Holdings Co. 2007, -2.82% has been declared in default on a dollar bond.
With nearly a quarter of S&P 500 companies having reported, 81.4% of those beat analyst expectations, notably better than the 67% of beats in a typical quarter since 1994, according to data from LSEG.
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