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Nasdaq set to lead market lower after Microsoft forecasts softer demand

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U.S. stocks were on course for a weak open after a warning on demand for its cloud services by Microsoft hit sentiment.

How are stock-index futures trading On Tuesday, the Dow Jones Industrial Average DJIA rose 104 points, or 0.31%, to 33733, the S&P 500 SPX declined 3 points, or 0.07%, to 4016.95, and the Nasdaq Composite COMP dropped 30 points, or 0.27%, to 11334.

How are stock-index futures trading On Tuesday, the Dow Jones Industrial Average DJIA rose 104 points, or 0.31%, to 33733, the S&P 500 SPX declined 3 points, or 0.07%, to 4016.95, and the Nasdaq Composite COMP dropped 30 points, or 0.27%, to 11334. And, unfortunately for equity bulls, the latest important company update has not been taken well by the market.

Shares in Amazon AMZN , Microsoft’s main rival in cloud services, were also set to open lower on Wednesday.

 

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