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Barchart
Barchart
Oleksandr Pylypenko

Stocks Climb Before the Open as Strong Big Tech Earnings Overshadow Recession Worries

June S&P 500 futures (ESM23) are up +0.40%, and June Nasdaq 100 E-Mini futures (NQM23) are up +1.27% this morning as solid earnings from a couple of U.S. tech giants boosted market sentiment.

Microsoft Corporation (MSFT) climbed over +7% in pre-market trading after the software giant reported upbeat Q3 results and suggested growing strength in its AI and cloud businesses. Also, Alphabet Inc (GOOGL) rose about +1% in pre-market trading after the company posted better-than-expected Q1 results and announced an increased buyback.

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