REUTERS: Dow and S&P futures were pressured by a steep fall in industrial company 3M's shares on Thursday, while upbeat results from high-flying companies Facebook and Microsoft supported Nasdaq futures.
"As the earnings season gains potency, the missing link to a stronger upward move is low volume, suggesting a cautious attitude by investors," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Microsoft Corp gained 5per cent after the company beat Wall Street estimates for quarterly results and predicted continued growth for its cloud computing business.After a 23per cent rally in its shares this year, the software company is set to topple Apple Inc as the most valuable publicly listed U.S. company.
At 7:18 a.m. ET, Dow e-minis were down 104 points, or 0.39per cent. S&P 500 e-minis were up 0.25 points, or 0.01per cent and Nasdaq 100 e-minis were up 17.5 points, or 0.22per cent.
Source: News Formal (newsformal.com)
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