US stock futures were mixed to lower on Thursday as investors reacted to a heavy round of corporate results. Nasdaq-100 futures fell 1%, S&P 500 futures dipped 0.2% and Dow futures traded near flat. Alphabet sank 10% in premarket trading after missing estimates for adjusted earnings and revenue and reporting negative free cash flow of $9.07 billion. Caterpillar dropped 9% as its construction business sales came in slightly below forecasts. Microsoft rose 2.6% after Azure cloud growth helped it beat expectations, though its lower capital spending weighed on neocloud stocks. Chipotle gained 7.6% after a third straight quarter of same-store sales growth. On Wednesday, the Federal Reserve held rates at 3.75% to 4% and said it needs more data before acting again.
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