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Nasdaq futures drop on Alphabet AI spending concerns

Nasdaq futures fell about one percent as Alphabet results intensified worries over rising artificial intelligence costs. Investors also awaited key inflation data following the Federal Reserve decision to leave interest rates unchanged.

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A trader works, as screens broadcast a news conference by US Federal Reserve Chair Kevin Warsh following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, US, October 28, 2026. REUTERS/Jeenah Moon

Nasdaq 100 E-minis fell 303 points, or 1.01%, on Thursday morning as ALPHABET INC-CL A results intensified investor anxiety over soaring artificial intelligence expenditures.