Stock futures tick upward as Microsoft kicks off big-tech earnings on a high note

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Futures contracts tied to the major U.S. equity indexes ticked higher during the overnight session Tuesday as Wall Street pored over earnings results from Microsoft and awaited similar updates from Apple, Facebook and Tesla due Wednesday.

Nasdaq-100 futures outperformed with a gain of about 73 points, or 0.6%. Dow futures held around the flatline while S&P 500 futures rose 2.5 points, about 0.1%.

A handful of stocks, including software giant Microsoft, dominated the trading action in the extended session.

Microsoft investors appeared pleased with the company’s performance in its fiscal second quarter, when it grew revenues 17% on a year-over-year basis. Adding to the optimism of Microsoft’s profit report was a jump in the company’s Intelligent Cloud unit, a segment investors think critical to the company’s future success.

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