Tech giants Meta Platforms and Microsoft reported solid quarterly results Wednesday afternoon. Shares of both companies jumped in extended trading.
S&P 500 futures and Nasdaq 100 futures rose on Wednesday night following solid earnings reports from tech titans Microsoft and Meta Platforms.
S&P 500 futures
jumped 0.7%, and Nasdaq 100 futures
climbed 1%. Futures tied to the Dow Jones Industrial Average
advanced 76 points, or about 0.2%.
"Magnificent Seven" companies Meta Platforms, Microsoft and Tesla posted earnings results after Wednesday's close.
Investors digested the latest quarterly reports from Amazon, Alphabet and other Magnificent Seven giants.
Both companies are part of the so-called Magnificent Seven megacap, influential tech giants.
Wall Street is coming off a major sell-off in software stocks that drove the S&P 500 to a second straight day of losses.
More than 90 S&P 500 companies are slated to report quarterly results this week.
A rally in the technology sector drove the S&P 500 and Nasdaq Composite to new intraday and closing records on Wednesday.
