U.S. stock futures hold steady as Microsoft jumps nearly 9% premarket, lifting Nasdaq futures 0.86%
AI Market Summary
U.S. equity index futures stabilized after a sharp selloff as Microsoft's upbeat revenue and cloud guidance, alongside lower-than-feared capex, eased concerns about AI spending and supported Nasdaq-linked risk sentiment. However, Meta's steep free cash flow drop reinforced funding-pressure risks from AI buildouts. Fed uncertainty remains a headwind, with markets pricing a meaningful chance of a September hike and long-end Treasury yields elevated ahead of key macro data.
Impact level
● Medium
Affected assets
NCSKMSFT2USD/USDT+13.97%
AI Insight · NCSKMSFT2USD/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Microsoft issued better-than-expected guidance for current-quarter revenue and cloud growth, while its capital expenditure outlook came in below Wall Street estimates, boosting confidence in the company’s cash-flow resilience and sending its shares up nearly 9% premarket. Nasdaq futures rose 0.86%, helping reverse a prior 10% pullback, and Dow and S&P 500 futures also edged higher. Meta Platforms slid 9.2% after reporting a 91% year-on-year drop in second-quarter free cash flow.
