IUSG is trading at $187.00, down -2.08%, amid sharply divided megacap and software earnings reactions.

  • Alphabet shares slid after missing revenue expectations and reporting negative free cash flow; Fortinet and ServiceNow also dropped.
  • Microsoft rose on Azure growth and an earnings beat, but Nasdaq futures weakened after the reports.
  • The Fed held rates steady, as widely expected, leaving company results the clearer immediate catalyst.