US stock futures decline after Alphabet earnings; gold hits record high
U.S. stock futures dropped on Wednesday after Alphabet reported disappointing earnings. S&P 500 futures fell 0.5% and Nasdaq futures lost 0.9%. The dollar weakened against the yen following positive Japanese wage data, raising expectations for a rate hike. Gold prices reached a record high, driven by the weaker dollar. Investors largely ignored President Trump's comments about the U.S. potentially taking over Gaza for economic development, focusing instead on company earnings and market volatility. In Europe, Novo Nordisk's shares rose 1.6% after beating earnings expectations, helping lift the STOXX 600 index by 0.1%. Treasury yields fell as concerns about tariffs eased, but market caution remains due to ongoing trade tensions.