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Barchart
Barchart
Oleksandr Pylypenko

Stocks Soar Before the Open on Upbeat Meta and Microsoft Results, U.S. PCE Inflation Data and More Big Tech Earnings on Tap

Microsoft Meta United States Inflation Donald Trump US Federal Reserve Unemployment Jerome Powell Economy Germany

September S&P 500 E-Mini futures (ESU25) are up +0.97%, and September Nasdaq 100 E-Mini futures (NQU25) are up +1.30% this morning as forecast-beating quarterly results from Meta and Microsoft boosted sentiment.

Meta Platforms (META) surged over +11% in pre-market trading after the maker of Facebook and Instagram posted upbeat Q2 results and issued strong Q3 revenue guidance. Also, Microsoft (MSFT) climbed more than +8% in pre-market trading after the technology behemoth reported stronger-than-expected FQ4 results and provided an upbeat FQ1 revenue growth forecast for the Azure cloud unit. In addition, both companies vowed to spend heavily on artificial intelligence.

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