Nasdaq futures rise 2% after strong forecast from Microsoft; The decision of the Central Government is coming out

Traders work on the New York Stock Exchange (NYSE) site in New York City, USA on January 25, 2022. REUTERS / Brendan McDermid

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  • Microsoft and Texas Instruments are climbing from a strong perspective
  • All eyes on the policy decision of the Central Bank at 2 p.m.
  • Futures: Dow 1.13%, S&P 1.55%, Nasdaq 2.26%

January 26 (Reuters) – The U.S. stock index futures rose on Wednesday as investors watched the results of the Federal Reserve’s policy meeting, following two days of volatile trading by Microsoft.

Microsoft Corp. (MSFT.O) It gained 3.9% of its primary market after the Windows maker forecasts revenue for the current quarter broader than Wall Street targets driven by its intelligent cloud unit. read more

Texas Instruments Inc (TXN.O) Chipmaker rose 4.6% after forecasting exciting current quarter earnings and said it would sharpen its focus on chips used in the lucrative automotive and industrial sectors. read more

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The strong outlook of the two companies boosted technology-related stocks with meta platforms (FB.O)Apple Inc (AAPL.O)Google Owner Alphabet Inc. (GOOGL.O), Advanced Micro Devices (AMD.O) And Nvidia Corp. (NVDA.O) Rising from 2.1% to 3.7%.

Rate-sensitive technology and growth stocks are curled up by fears of an aggressive Fed move to combat inflation. Rising geopolitical tensions around Russia and Ukraine have added to the investor woes with the S&P 500 index. (.SPX) Flirt with a correction twice this week.

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The policy decision will come at 2 pm ET (1900 GMT), where the US Federal Reserve will signal the start of a cycle of interest rate hikes from March. read more

The announcement will be followed by a press conference by Fed President Jerome Powell, which will analyze the magnitude and pace of the year’s hike and clues on its strategy to shrink its approximately $ 9 trillion balance sheet.

Fed fund futures traders set prices at 25 basis points in March, and three more rate hikes by the end of the year.

“We are more likely to meet with the central bank with confidence and more consolation,” said Ibek Oskardeskaya, senior analyst at Swisscote Bank.

“The central bank has nothing to do with sending hawk messages today: slaughtered stock markets will not help them get the inflation level right.”

The benchmark index fell nearly 9.2% from its record high on January 3, while the tech-savvy Nasdaq (.IXIC) This is down 13.5% so far this year.

At 6:51 am ET, the Dow e-minis was up 386 points or 1.13%, the S&P 500 e-minis was up 67.5 points or 1.55%, and the Nasdaq 100 e-minis was up 319.25 points or 2.26%.

The fourth quarter reporting season is in full swing, with 79 companies reporting on the S&P 500. Refinitiv reported that 81% of them gave better results than expected.

Tesla Inc. (TSLA.O) Boeing added 4.3% more than its quarterly results after the market close (BA.N) And Intel Corp also reached earnings later in the day.

AT&T Inc (TN) Strong wireless and streaming demand rose 1.7% after beating market estimates for quarterly earnings. read more

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Shares of all major Wall Street lenders each received more than 1%.

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Report by Susan Mathew and Devik Jain in Bangalore; Editing by Maju Samuel

Our standards: Thomson Reuters Trust Principles.

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