© Reuters.
by Oliver Gray
Investing.com – U.S. stock futures were higher during overnight trading on Tuesday, with market participants watching closely. earnings results of the major technology companies after a negative session among the major benchmark averages.
By 7:00 PM ET (11:00 PM GMT), it was up 0.1%, up 0.4% and showing 1.2%.
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In expanded deals, Microsoft (NASDAQ:) added 8.6% after third-quarter EPS of $2.45, versus the $2.24 expected, on revenue of $52.9 billion versus the $51.12 billion expected. The company also reported a significant rise in revenue from its intelligent cloud business.
Alphabet (NASDAQ: ) gained 1.3%, gaining in its cloud business for the first time, with first-quarter earnings per share coming in at $1.17 vs. $1.08 expected on revenue of $69.8 billion vs. $68.87 billion expected.
Enphase Energy (NASDAQ: ) fell 15.8% after the company reported Q1 EPS of $1.37 vs. $1.21 expected on revenue of $726 million vs. $719.28 million expected.
Visa (NYSE:) gained 0.8% EPS for the second quarter of $2.09 vs. $1.99 expected on revenue of $8 billion versus consensus estimates of $7.8 billion.
Ahead of Wednesday’s session, investors will be watching the data closely as well as a fresh batch of earnings results From companies including Meta Platforms Inc (NASDAQ:), Bank of America Corp (NYSE:), CME Group Inc (NASDAQ:), Hilton Worldwide Holdings Inc (NYSE:) and Spirit Airlines Inc (NYSE:).
During regular Tuesday trading, the index lost 344.6 points, or 1%, to 33,530.8, and the S&P 500 fell 65.4 points, or 1.6%, to 4,071.6 and fell 238.1 points, or 2%, to 11,799.2.
In the bond markets, rates were 3.4%.