U.S. stock futures inched higher on Friday as strong results for Microsoft'...
- U.S. stock futures inched higher on Friday as strong results for Microsoft’s cloud business fed into a bullish mood following signs from New York Fed President John Williams that the U.S. central bank was set to cut interest rates this month.
Microsoft Corp , now America’s most valuable company, gained 3.5% premarket, after it topped analysts’ estimates at the end of a week of mixed corporate results in the United States and Europe. Traders raised bets for a larger, half-percentage point cut in rates at the July 30-31 policy meeting to 46%, from a 23% chance a week ago, according to CME Group’s FedWatch program.
The main indexes have eased off all-time highs hit at the start of this week as some of the first batches of second quarter earnings releases pointed to a slowdown in growth under the shadow of U.S.-China trade talks.
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