Dow Jones Futures Rise: Microsoft To The Rescue After Nasdaq Breaks Lower, Tesla Dives | Investor’s Business Daily – Investor’s Business Daily

Dow Jones futures rose Wednesday morning, along with S&P 500 futures and Nasdaq futures. MSFT stock led the gains as Microsoft and Google parent Alphabet (GOOGL) headlined overnight earnings.




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The stock market tumbled Tuesday, with the Nasdaq breaking below its March lows as Tesla (TSLA) plunged in reaction to CEO Elon Musk’s Twitter (TWTR) deal.

In addition to Microsoft (MSFT) and Google stock, General Motors (GM), Edwards Lifesciences (EW), Visa (V) and Juniper Networks (JNPR) were among the many notable companies reporting late Tuesday. Early Wednesday, General Dynamics (GD) beat views while Boeing (BA) reported a big loss and disappointing revenue.

Tesla stock and Microsoft are on IBD Leaderboard. MSFT stock and Google are on the IBD Long-Term Leaders list.

The video embedded in this article discusses Tuesday’s market sell-off and analyzes Tesla stock, Waste Management (WM) and Cheniere Energy (LNG), another Leaderboard stock.

Dow Jones Futures Today

Dow Jones futures rose 0.9% vs. fair value. S&P 500 futures climbed 0.6%. Nasdaq 100 futures advanced 0.5%. Those are off morning highs, but are firming up again. Microsoft stock is a Dow Jones, S&P 500 and Nasdaq giant. Visa and Boeing are Dow and S&P 500 components while Google stock is on the S&P 500 and Nasdaq.

Shanghai Covid cases are falling, but lockdowns aren’t going away anytime soon. Meanwhile, dozens of infections have been found in Beijing, raising expectations of a lockdown in the capital.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Key Earnings

Microsoft earnings topped fiscal Q3 results amid strong cloud-related growth. Microsoft stock initially fell but rebounded as the tech titan guided for strong cloud growth. MSFT stock rose 4% before the open. Shares fell 3.7% on Tuesday to 270.22, matching its March low of 270 intraday.

Google earnings fell short while revenue was just a hair below estimates. The internet giant announced a $70 …….

Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-nasdaq-breaks-low-as-tesla-dives-as-musk-buys-twitter-microsoft-google-earnings-late/