Nasdaq 100 Futures Surge on Earnings from Microsoft and Meta

Nasdaq 100 futures rose 1.3% after hours on Wednesday, driven by gains in Microsoft and Meta Platforms following their earnings reports. S&P 500 futures increased 0.7% and Dow futures decreased 0.2%. The tech-heavy Nasdaq 100 index benefited from strong performances by tech giants, leading to a surge in the index.

Title: Nasdaq 100 Futures Surge on Microsoft and Meta Earnings

Nasdaq 100 futures rose 1.3% after hours on Wednesday, driven by gains in Microsoft and Meta Platforms following their earnings reports. S&P 500 futures increased 0.7%, while Dow futures decreased 0.2%. The tech-heavy Nasdaq 100 index benefited from strong performances by tech giants, leading to a surge in the index.

Microsoft and Meta Platforms, two of the "Magnificent Seven" tech titans, reported better-than-expected quarterly earnings. Microsoft's cloud computing service Azure exceeded $75 billion in annual revenue, while Meta issued an upbeat third-quarter sales outlook, surpassing Street estimates. These positive earnings reports lifted investor sentiment and boosted the tech sector.

The Federal Reserve's decision to keep interest rates unchanged at its July meeting also influenced market movements. While the benchmark overnight policy rate remained steady at a range of 4.25% to 4.50%, not all Fed members agreed. Fed governors Michelle Bowman and Christopher Waller dissented with the decision, signaling potential future changes in monetary policy.

Additionally, President Donald Trump's announcement of a trade deal with South Korea, setting tariffs at 15%, added to the market's optimism. The lower tariff rate compared to the previously threatened 25% rate provided a positive signal for trade relations.

The market's response to these developments underscores the significant influence of earnings reports and geopolitical events on investor sentiment and market movements. As the market continues to digest these developments, investors will closely watch upcoming economic indicators, such as June's personal consumption expenditures price index reading and weekly jobless claims, for further insights.

References:
[1] https://www.nbcnewyork.com/news/business/money-report/sp-500-futures-rise-after-meta-and-microsoft-post-quarterly-beats-live-updates/6354468/?os=roku&ref=app
[2] https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-microsoft-meta-robinhood-fed-powell-rate-cut/
[3] https://www.barrons.com/livecoverage/stock-market-news-today-073125
[4] https://www.nbcchicago.com/news/business/money-report/sp-500-futures-rise-after-meta-and-microsoft-post-quarterly-beats-live-updates/3801802/