S&P 500 futures and Nasdaq 100 futures rose on Wednesday night following solid earnings reports from tech titans Microsoft and Meta Platforms.
S&P 500 futures jumped 0.7%, and Nasdaq 100 futures climbed 1%. Futures tied to the Dow Jones Industrial Average advanced 76 points, or about 0.2%.
“Magnificent Seven” titans Microsoft and Meta respectively rose about 8% and 12% on Wednesday night on the back of better-than-expected quarterly earnings. Software giant Microsoft said that annual revenue from its cloud computing service Azure exceeded $75 billion. Meta issued an upbeat third-quarter sales outlook, surpassing the Street’s estimates.
In regular trading Wednesday, the S&P 500 closed lower after Federal Reserve Chair Jerome Powell signaled that the U.S. central bank is still not ready to cut interest rates. The broad market index shed 0.12%, while the Dow Jones Industrial Average lost 171.71 points, or 0.38%. The Nasdaq Composite, on the other hand, notched a 0.15% gain.
Source: https://www.cnbc.com/2025/07/30/stock-market-today-live-updates.html