Dow futures jump 100 points after solid tech earnings, Facebook up 10%
Facebook soared more than 10% in the overnight session after it reported that, after an initial "significant" pullback in advertising revenues in March thanks to Covid-19, it's seen. It reported first-quarter per-share earnings of $1.71 and revenues of $17.74 billion.
Microsoft rose a more modest 3.1% in after-hours trading after the company reported fiscal third-quarter sales growth of 15% thanks to growth in its cloud business. The software giant said in a statement that the disease in the three months ended March 31, but cautioned that "effects of COVID-19 may not be fully reflected in the financial results until future periods."on Wednesday that put the S&P 500 up more than 13% for the month and on track for its biggest one-month gain since 1974.
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