Stock Market Today: Dow futures inch higher as traders eye Microsoft and Meta results
How are stock-index futures trading:
S&P 500 futures are up 0.2%.
Dow Jones Industrial Average futures are gaining 0.1%.
Nasdaq 100 futures are adding 0.2%.
On Tuesday, the Dow Jones Industrial Average fell 155 points, or 0.36%, to 42,233, the S&P 500 increased 9 points, or 0.16%, to 5,833, and the Nasdaq Composite gained 146 points, or 0.78%, to 18,713.
Futures indicate the technology-heavy Nasdaq Composite will challenge for its 29th record high of the year as bulls are buoyed by well-received earnings from Alphabet, parent of Google.
Attention will now turn to results from four more mega-cap tech companies, with Microsoft and Meta Platforms delivering numbers after Wednesday’s closing bell and Apple and Amazon.com doing the same late Thursday.
“The Google owner provided a wave of cheer, beating revenue expectations,” said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
“Sustained growth in advertising certainly helped but it was the boost in demand for its cloud services, helped by AI demand, which really helped lift sentiment. The AI juggernaut keeps powering ahead, confounding expectations of a slowdown, which is set to lift sentiment in trading later,” Streeter added.