U.S. stock futures bounced Wednesday as the market attempted to recover from April's technology-led selloff.
Futures for the Dow Jones Industrials leaped 232 points, or 0.7%, to 33,392.
Futures for the S&P 500 jumped 18.25 points, or 0.4%, to 4,188.75.
Futures for the NASDAQ Composite Index gained 23 points, or 0.2%, to 13,039.
Microsoft's shares jumped 4% in pre-market trading after the company beat analyst expectations on the top and bottom lines. The company also issued forward revenue guidance exceeding analyst forecasts.
While Microsoft's earnings gave investors some encouragement, Alphabet's earnings results missed consensus estimates. Management warned on the conference call of another potentially weak quarter ahead. Shares fell more than 3% pre-market.
Meanwhile, shares of Robinhood shed about 3% in pre-market trading Wednesday after the retail brokerage said it is cutting back on staff.
The company cited “duplicate roles and job functions” after its rapid expansion last year.
Boeing saw shares fall 2% in early morning trading after an earnings miss.
Facebook parent Meta is set to report earnings Wednesday after the bell, with Apple and Amazon reporting earnings Thursday. Investors will be watching to see if tech companies' results prove the intense selling in April has been misplaced.
On the economic front, investors will be watching for the latest data on weekly mortgage applications, international trade and pending home sales.
In Asia, the Nikkei 225 in Japan folded 1.2% Wednesday, while in Hong Kong, the Hang Seng index eked higher 0.1%.
Oil prices gathered 35 cents to $102.05 U.S. a barrel.
Gold prices faded $4.10 to $1,900 U.S.