US futures hit by Alphabet’s weak earnings, gold surges to record high

US stock futures fell on Wednesday after disappointing earnings from Alphabet, while the dollar took a dive against the yen, which rallied sharply after Japanese wage data upped the chances of another rate hike.

Investors shrugged off comments from President Donald Trump that the US would like to take over the war-ravaged Gaza Strip and develop it economically.

The suggestion came out of the blue and underlined the risk of more policy uncertainty and market volatility ahead. Gold hit another record high, driven mostly by a weaker dollar.