Editorial companion

What stands out

Jenny Kovacs ran through three earnings reactions in the premarket: Alphabet reported results that missed expectations, Microsoft beat, and ServiceNow updated guidance. Those three announcements landed on the same theme, cloud and AI exposure, but they pushed prices in different directions before the open, creating a short-term risk trade between the large-cap platform names and faster-growing enterprise software names. The clip is useful because it condenses what traders were watching in the first minutes of the session and why those headlines mattered to the tech-heavy premarket move.