Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
The surge in Microsoft Corp.’s stock MSFT, +0.37%, in the wake of the software behemoth’s blowout earnings report, was the reason futures YM00, +0.13% for the Dow Jones Industrial Average ES00, -0.33% were gaining ground while the broader market was falling. The stock jumped 3.
7% toward a three-month high in premarket trading. The implied price gain was adding about 80 points to the Dow’s price, and Dow futures rose 37 points, or 0.1%. Meanwhile, futures ES00, -0.33% for the S&P 500 SPX, +0.73% declined 0.4% and futures NQ00, -0.57% for the Nasdaq 100 NDX, +0.97% dropped 0.6%.
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