Key facts
- U.S. stock index futures rose on Thursday.
- Microsoft reported earnings that exceeded forecasts.
- Microsoft's results indicated significant AI spending by companies.
- Investor confidence was boosted by Microsoft's performance.
U.S. stock index futures saw a rise on Thursday, recovering from a significant selloff. The earlier decline was attributed to uncertainty surrounding the Federal Reserve's future policy decisions. However, positive sentiment was bolstered by Microsoft's earnings report, which surpassed expectations. The company's forecast indicated substantial investment in artificial intelligence by businesses, which in turn boosted investor confidence.