Microsoft and Alphabet earnings preview: cloud growth and capex in focus

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• Canada stocks higher at close of trade; S&P/TSX Composite up 0.26%

  Domestic equities concluded the trading session in positive territory following steady market action. Investors tracked the performance of the primary benchmark as trading wrapped up for the day. The upward movement reflected constructive positioning across Canadian equities through the close of trade.

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• Brazil stocks lower at close of trade; Bovespa down 2.68%

  Investors reduced exposure across the broader market as trading drew to a close in the region. The sharp downturn reflected mounting pressure on local equities during the final hours of the session. Market participants witnessed a steep downward trajectory that weighed heavily on major financial benchmarks by the close.

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• ServiceNow’s stock slides as earnings miss clouds a raised AI outlook

  Investors responded negatively to the enterprise software company after its recent financial report failed to satisfy market skeptics. While positive developments around emerging technology continue to build, they were unable to offset immediate worries regarding current financial performance. The outcome underscores the heightened scrutiny facing tech valuations relative to actual reported results.

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