Nasdaq futures rally over 1% after upbeat Microsoft, Alphabet results

Published by

(Reuters) – Nasdaq futures rallied more than 1% on Wednesday after upbeat results from Microsoft and Alphabet dwarfed worries about the impact of rising interest rates on the U.S. economy. Microsoft Corp climbed 7.5% after it beat Wall Street estimates for quarterly results, and said that artificial intelligence products were stimulating sales. Alphabet Inc rose 1.0% after the Google parent said it would buy back $70 billion in stock and topped first-quarter profit and revenue estimates on strong demand for cloud services and ad sales. Wall Street’s major averages suffered their deepest declin…

Read More

See also  Russell Wilson Getting Roasted Over Video Posted by Broncos

Leave a Reply