Nasdaq 100 futures are higher by 1.5%, with Microsoft up 8% in premarket after its cloud unit grew at the fastest pace in four years while it held the line on spending.
Microsoft (MSFT) — with a market cap of more than $3 trillion — is on track for its largest advance since the wild Covid rally of 2020, up 15% in early trading after its earnings beat last night.
That’s helping the Nasdaq to more than a 2% gain, even... [5869 chars]