Dow Jones Futures Rise As Microsoft Pops After Nasdaq Breaks Lower,

Dow Jones futures rose modestly overnight, along with S&P 500 futures and Nasdaq futures fell slightly, all reversing Tuesday evening losses as Microsoft stock and Google parent Alphabet (GOOGL) moved on earnings.

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The stock market tumbled Tuesday, with the Nasdaq breaking below its March lows as Tesla (TSLA) plunged in reaction to CEO Elon Musk’s Twitter (TWTR) deal.

In addition to Microsoft (MSFT) and Google stock, General Motors (GM), Edwards Lifesciences (EW), Visa (V) and Juniper Networks (JNPR) were among the many notable companies reporting late Tuesday. Early Wednesday, General Dynamics (GD) and Boeing (BA) are on tap.

Tesla stock and Microsoft are on IBD Leaderboard. MSFT stock and Google are on the IBD Long-Term Leaders list.

The video embedded in this article discusses Tuesday’s market sell-off and analyzes Tesla stock, Waste Management (WM) and Cheniere Energy (LNG), another Leaderboard stock.

Dow Jones Futures Today

Dow Jones futures rose 0.5% vs. fair value. S&P 500 futures climbed 0.3%. Nasdaq 100 futures advanced 0.1%. Futures improved from Tuesday evening lows as Microsoft stock raced higher and Google cut overnight losses. Microsoft is a Dow Jones, S&P 500 and Nasdaq giant. Visa is a Dow and S&P 500 component while Google stock is on the S&P 500 and Nasdaq.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Key Earnings

Microsoft earnings topped fiscal Q3 results amid strong cloud-related growth. Microsoft stock initially fell but then rose 4.5% as the tech titan guided for strong cloud growth. Shares fell 3.7% on Tuesday to 270.22, matching its March low of 270 intraday.

Google earnings fell short while revenue was just a hair below estimates. The internet giant announced a $70 billion Google stock buyback. Google stock fell more than 2% overnight, though that was off their worst levels. Google sank 3.6% to 2,373 on Tuesday, at 10-month lows.

Edwards Lifesciences earnings narrowly topped views while the medical products maker reaffirmed guidance. EW stock skidded 5% in extended trade. Shares sank about 3% to 116.27 on Tuesday. Edwards stock broke out last week, but tumbled back below a buy point on Friday.

GM earnings fell but topped views, while revenue came in light. GM stock rose modestly after hours. Shares fell 4.5% on Tuesday to 38.04, the lowest close since late 2020.

Visa earnings comfortably beat consensus Visa stock rose 5% in overnight action. Shares retreated 4.2% on Tuesday to 201.10, losing sight of its 50-day and 200-day lines.

Juniper earnings just missed while revenue only edged past targets. JNPR stock fell sharply in extended action. Shares slid nearly 3% on Tuesday to 33.60, falling back from its 50-day line. Juniper stock had been holding up better than most tech stocks.

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Stock Market Tuesday

A one-day…