India, July 31 -- After ending yesterday's choppy trading day narrowly mixed, stocks are likely to show a strong move to the upside in early trading on Thursday. The major index futures are currently pointing to a sharply higher open for the markets, with the S&P 500 futures up by 0.9 percent.
Early buying interest is likely to be generated in reaction to upbeat earnings news from tech giants Meta Platforms (META) and Microsoft (MSFT).
Facebook parent Meta Platforms is spiking by 11.3 percent in pre-market trading after the company reported better than expected second quarter results and provided upbeat third quarter revenue guidance.
Shares of Microsoft are also surging by 8.8 percent after the software giant reported fiscal fourth quar...