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Futures Climb With Boost From Microsoft’s Surging Cloud Growth

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Futures Climb With Boost From Microsoft’s Surging Cloud Growth US futures rose on Thursday as Microsoft Corp. jumped 9.8% after reporting the fastest cloud unit growth in four years. Top semiconductor companies, like Micron Technology Inc. and Nvidia Corp., rallied as well. S&P 500 futures were 0.6% higher as of 7:17 a.m. in New York, with Nasdaq 100 contracts up 1.3%, recovering after the tech-dominated Nasdaq 100 closed in correction territory on Wednesday and the broader S&P 500 Index...

Futures Climb With Boost From Microsoft’s Surging Cloud Growth US futures rose on Thursday as Microsoft Corp. jumped 9.8% after reporting the fastest cloud unit growth in four years. Top semiconductor companies, like Micron Technology Inc. and Nvidia Corp., rallied as well. S&P 500 futures were 0.6% higher as of 7:17 a.m. in New York, with Nasdaq 100 contracts up 1.3%, recovering after the tech-dominated Nasdaq 100 closed in correction territory on Wednesday and the broader S&P 500 Index fell 1.5%.
Microsoft (ORG) US (LOCATION) Microsoft Corp. (ORG) Micron Technology Inc. (ORG) Nvidia Corp. (ORG) New York (LOCATION) Nasdaq 100 (ORG)
Originally published by Bloomberg Technology Read original →