June S&P 500 E-Mini futures (ESM24) are up +0.63%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.86% this morning as upbeat quarterly results from tech titans Alphabet and Microsoft boosted sentiment, while investors geared up for the release of the Fed’s preferred inflation gauge.
Alphabet (GOOGL) surged over +11% in pre-market trading after the Google parent reported Q1 results that easily topped analysts’ expectations, declared its first-ever dividend of $0.20 per share, and announced an additional $70 billion buyback. Also, Microsoft (MSFT) climbed more than +3% in pre-market trading after the tech giant reported stronger-than-expected Q3 results.
