Microsoft surge sees Nasdaq futures lead market rebound

How are stock-index futures trading On Tuesday, the Dow Jones Industrial Average DJIA fell 345 points, or 1.02%, to 33531, the S&P 500 SPX declined 65 points, or 1.58%, to 4072, and the Nasdaq Composite COMP dropped 238 points, or 1.98%, to 11799.

What’s driving markets A sharp rally in Microsoft stock, alongside less ebullient gains for Alphabet’s shares, looked set to spark a rebound for Wall Street on Wednesday. The S&P 500’s 1.6% slide took the stock benchmark back towards the middle of the 3,800 to 4,200 range it has inhabited for nearly six months, noted Julian Emanuel, strategist at Evercore ISI.

“Microsoft and Alphabet, two firms whose fates feel increasingly intertwined thanks to their competing AI search offerings, both demonstrated some resilience as their earnings came in ahead of forecast,” Mould added.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Here's what this investor is looking for as Big Tech earnings approachThis week will see some of the larger tech firms on Wall Street report quarterly results, including Microsoft, Google-parent Alphabet, Amazon and Meta.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Alphabet earnings: What to watch for beyond Google's AI effortsAnalysts surveyed by FactSet expect Alphabet to post $1.08 a share in earnings, down from $1.23 a share a year before. Here’s what to watch as the $GOOGL parent reports its latest quarterly earnings Tuesday afternoon.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »