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US stock futures steady…Microsoft earnings offset Fed concerns

Reuters ·

MSFT Microsoft Corp
$392.30 -0.27%
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  1. 1US equity index futures stabilized on Thursday after a sharp selloff driven by uncertainty over Fed policy
  2. 2Microsoft (MSFT) rose about 9% premarket after beating revenue and cloud growth expectations and guiding capital spending below Wall Street estimates
  3. 3The results eased concerns over massive AI outlays and fueled a rebound following the previous day's rate hold at 3.50–3.75% and mixed messaging from Chair Powell

This 3-line summary is compiled from the report below.

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