US stock futures steady as Microsoft outlook lifts sentiment despite Fed worries
AI Market Summary
Microsoft's guidance beat on next-quarter revenue and cloud growth, alongside a lower-than-feared capex outlook, is lifting premarket shares and stabilizing US equity futures, particularly Nasdaq-linked contracts. The move signals improved confidence in large-cap tech cash-flow durability amid Fed-related rate concerns. Offsetting tone, Meta's sharp free-cash-flow drop is pressuring its stock, highlighting dispersion within mega-cap tech.
Impact level
● High
Affected assets
NCSKMSFT2USD/USDT+14.10%
AI Insight · NCSKMSFT2USD/USDTAI Insight
● Neutral
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US equity index futures held firm after Microsoft delivered guidance that topped expectations. The company projected stronger-than-anticipated revenue and cloud growth for the next fiscal quarter, while its capital spending outlook came in below market forecasts, reinforcing investor confidence in the resilience of its cash flow. Microsoft shares jumped nearly 9% in premarket futures trading.
The move helped push Nasdaq futures up 0.86%, easing pressure after a roughly 10% pullback. Dow and S&P 500 futures also edged higher. Meta slid 9.2% after reporting a 91% year-on-year plunge in free cash flow.
