Dow, S&P 500 and Nasdaq 100 futures rise July 30 as Microsoft jumps more than 8% after earnings
AI Market Summary
US equity futures are higher, led by tech as Microsoft's earnings beat and strong Azure growth lift sector sentiment, supporting Nasdaq 100 performance. However, offsetting forces include a sharp jump in long-end yields after the Fed held rates, mixed mega-cap signals (Meta weakness), and ongoing chip stock pressure. Focus shifts to PCE inflation and GDP prints, which may reprice rate expectations and equity risk appetite.
Impact level
● Medium
Affected assets
NCSINASDAQ1002USD/USDT+2.78%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
● Neutral
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US stock index futures rose on July 30, led by the Nasdaq 100 up 0.7%, while S&P 500 futures gained 0.4% and Dow futures added 0.2%. Microsoft jumped more than 8% in premarket trading after reporting strong Azure cloud growth and results that beat expectations, lifting sentiment across technology shares. The previous session had seen a pullback after the Federal Reserve kept interest rates unchanged, and the rebound was described as an earnings-driven near-term recovery.
