Microsoft beat fiscal Q1 estimates with Azure up 48% and rose after hours. Alphabet missed on earnings and revenue despite cloud revenue more than doubling, falling about 10% overnight. Fortinet dropped over 25% and ServiceNow over 15% after hours, dragging software stocks. S&P 500 futures fell about 0.4% and Nasdaq-100 futures about 1%. The Fed held rates steady with two dissents; Chair Kevin Warsh signaled another hike soon. September PCE and Q3 GDP are due at 8:30 a.m. ET Thursday.
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