U.S. stock futures are higher after Meta and Microsoft reported better-than-expected quarterly results.
Both companies are part of the so-called Magnificent Seven megacap, influential tech giants. After reporting strong results, Microsoft shares rose to push the software giant's valuation past the $4 trillion mark. The only other company that has achieved that is chip maker Nvidia, which did earlier this month to become the first company ever to top $4 trillion.
At 6:10 a.m. ET, futures tied to the blue-chip Dow added 0.33%, broad S&P 500 futures rose 0.95% and tech-heavy Nasdaq futures climbed 1.28%.
More earnings are on tap. Comcast, Bristol-Myers Squibb, Cigna, CVS Health, Shake Shack, AbbVie and Mastercard are among the companies set to report earnings before the opening bell. Results from Apple and Amazon are due in the afternoon.
Some countries are scrambling to strike a trade deal by the Aug 1 deadline coming soon.
