Nasdaq 100 futures rise in overnight trading, boosted by a jump in Microsoft
Publishing timestamp: 2023-01-24 18:06:07
Summary
Stock futures rose in overnight trading Tuesday as strong Microsoft earnings boosted sentiment in technology sector. Microsoft reported fiscal second quarter results that exceeded analysts' estimates, driven by strong growth in its cloud unit. Other companies such as Tesla, Boeing, IBM and AT&T are slated to post numbers on Wednesday. Investment strategist Mike Wilson said investors should brace for tougher times ahead, but he is open to changing his outlook if he does not see a "more meaningful" drawdown in the next three or four months. Microsoft led gains in after-hours trading, up more than 4% after its quarterly results came in above estimates on top and bottom lines.
Sentiment: POSITIVE
Keywords: markets, stock markets, breaking news: markets, business news, tesla inc, breaking news: major, united states,
Source: https://www.cnbc.com/2023/01/24/stock-market-news-live-updates-futures-open-to-close.html