S&P 500 futures were slightly lower Wednesday morning as investors digested quarterly results from tech giants Microsoft and Alphabet. 

Futures tied to the S&P 500 lost 0.2%. Nasdaq 100 futures fell 0.4% while Dow Jones Industrial Average futures climbed 72 points, or 0.2%.

Shares of Microsoft jumped 3.5% following stronger-than-expected results in the fiscal first quarter. Investors were optimistic on the company’s revenue growth, particularly from its Azure cloud segment. Meanwhile, Alphabet shares tumbled more than 6% as its cloud business missed analysts’ estimates, overshadowing its revenue growth and earnings beat.

Boeing ticked up 3.7% after the company’s third-quarter results showed revenue for commercial airplanes exceeded expectations. The company also maintained its free cash flow outlook for the year. To be sure, the aerospace giant posted a bigger-than-expected adjusted loss for the quarter.

Tech firms IBM and Meta will post quarterly results in the afternoon. About 25% of S&P 500 companies have posted third-quarter earnings thus far. Of those companies, 78% have exceeded expectations.

“We’re getting some mixed to positive results in aggregate from the earning season. So, I think we can get back to this Goldilocks period, where we can dream that they’re going to stop raising rates, and eventually there’ll be accommodation — and in the interim — growth,” Trivariate Research founder and CEO Adam Parker said on CNBC’s “Closing Bell” on Tuesday. “I think we’ll end up the year higher based on that.” 

The major averages all notched gains in the main trading session on the back of several strong corporate earnings reports. The Dow added more than 200 points, or 0.6%, to break a four-day losing streak. The S&P 500 and Nasdaq Composite gained 0.7% and 0.9%, respectively. 

During a relatively quiet week for economic data, Wall Street will look toward September’s building permits and new home sales numbers for insight into the housing market.