US equity futures fluctuated as investors sifted through corporate earnings, with results from Microsoft Corp. and Meta Platforms Inc. coming later in the day. Gold and Bitcoin traded near all-time highs.

Alphabet shares are up nearly 6% after the owner of Google said profits rose 34% in the third quarter amid strong demand for its cloud business and services related to AI. Shares of Advanced Micro Devices are falling nearly 9% after investors were not impressed by the company's forecast for AI chip revenue.

Alphabet Inc. will be looking to refocus investors on the fundamentals of its business Tuesday after a sluggish recent stretch for its stock.

The S&P 500 and Nasdaq closed higher on Tuesday while the Dow fell in choppy trading as investors digested a host of corporate earnings and awaited Google-parent Alphabet's results after the market close.

The stock market was mostly higher Tuesday, with the technology-heavy Nasdaq Composite hitting a closing record. The Nasdaq gained 0.8%, beating its record close in July. The S&P 500 rose 0.2%, and the Dow Jones Industrial Average dropped 0.