Futures erased after-hours losses as Microsoft whipsawed higher after earnings. The stock market remains volatile with the Fed meeting and Tesla due. Read More...
Reuters
Microsoft offers strong forecast, lifting shares
(Reuters) -Microsoft Corp on Tuesday forecast revenue for the current quarter broadly ahead of Wall Street targets, driven in part by its Intelligent Cloud unit. The outlook soothed concerns about growth sparked by results for the December quarter, which initially dragged on Microsoft’s shares in after-hours trade. Investors were seeking assurances that the enterprise cloud business is still growing strongly and got it from Microsoft.
