Natural Gas Volatility Continues As Russia And EU Battle Over Energy
(Wednesday Market Open) Investors appear to be bullish despite earnings misses from tech giants and a looming interest rate decision from the Federal Reserve this afternoon. Potential Market Movers After yesterday’s close, Microsoft (NASDAQ: MSFT ) reported that it missed big on earnings and revenue, causing the stock to fall 2.61% in after-hours trading. The company cited currency headwinds for its misses, but its cloud business was also on the low end of estimates. MSFT said it was still experiencing higher demand from businesses, which could be the bright spot investors were focusing on as shares rose 3.4% ahead of the opening bell. Alphabet (NASDAQ: GOOGL) also missed on its top and bottom lines, but not as badly as Microsoft. It reported higher ad revenues than many expected after Twitter’s (NYSE: TWTR) big miss last week. Alphabet dropped immediately in after-hours trading but bounced back and to rally 2%, and was up 3.86% premarket. With Microsoft and Alphabet bouncing back, the tech-heavy Nasdaq futures were trading 1.39% higher before the opening bell.
Natural Gas Volatility Continues As Russia And EU Battle Over Energy
(Wednesday Market Open) Investors appear to be bullish despite earnings misses from tech giants and a looming interest rate decision from the Federal Reserve this afternoon. Potential Market Movers After yesterday’s close, Microsoft (NASDAQ: MSFT ) reported that it missed big on earnings and revenue, causing the stock to fall 2.61% in after-hours trading. The company cited currency headwinds for its misses, but its cloud business was also on the low end of estimates. MSFT said it was still experiencing higher demand from businesses, which could be the bright spot investors were focusing on as shares rose 3.4% ahead of the opening bell. Alphabet (NASDAQ: GOOGL) also missed on its top and bottom lines, but not as badly as Microsoft. It reported higher ad revenues than many expected after Twitter’s (NYSE: TWTR) big miss last week. Alphabet dropped immediately in after-hours trading but bounced back and to rally 2%, and was up 3.86% premarket. With Microsoft and Alphabet bouncing back, the tech-heavy Nasdaq futures were trading 1.39% higher before the opening bell.