Wall Street Today | Big techs reported better-than-expected quarterly results

Futures fell in Japan and Hong Kong and were little changed in Australia. The $S&P 500 Index(.SPX.US)$ eked out a record high, with $United Parcel Service(UPS.US)$ and $GE Aerospace(GE.US)$ up on strong results. U.S. contracts fluctuated in early Asian trading.

$Microsoft(MSFT.US)$ shares edged 2% higher in extended trading Tuesday.

Third-quarter transaction-based revenue totaled $267 million, with only $51 million coming from cryptocurrency trading. Revenue from crypto trading totaled $233 million in the second quarter. $Robinhood(HOOD.US)$ said that, barring any change in the market environment, the headwinds that dragged down last quarter will persist into the end of the year. Shares tanked by 8% after the bell.

$Advanced Micro Devices(AMD.US)$ shares were up 1% in extended trading. AMD has benefitted from a surge in electronics sales as its central processors and graphics processors power PCs, servers, and game consoles. AMD earnings and revenue beat analyst expectations, and the company issued a strong forecast for the fourth quarter.

Two stocks linked to Donald Trump dropped shortly after the ex-president detailed plans for one of the companies, and the other firm said it would sell additional shares to raise capital. The big pullbacks for the SPAC $Digital World Acquisition Corp(DWAC.US)$ and $Phunware(PHUN.US)$ came after both companies saw massive gains in their stock values last week.

$Alphabet-A(GOOGL.US)$ topped analysts expectations on the top and bottom lines. The company's shares were down about 2% after the report.

$Twitter (Delisted)(TWTR.US)$ reported revenue growth of 37% in the third quarter to $1.284 billion. The company said $Apple(AAPL.US)$'s privacy changes to iOS 14 had less of an impact than expected. Twitter said fourth-quarter revenue will be $1.5 billion to $1.6 billion, while analysts were predicting sales for the quarter of $1.58 billion.