Futures Fall On Microsoft, But AI Chip Giant Jumps

By ED CARSON, Investor's Business Daily

Dow Jones futures fell slightly overnight, while S&P 500 futures and especially Nasdaq futures rose. Microsoft ( MSFT) fell on weak Azure cloud-computing growth, but AMD and Nvidia were overnight winners. The Fed meeting decision is on tap Wednesday.

Nvidia rival Advanced Micro Devices ( AMD), Arista Networks ( ANET), First Solar ( FSLR) and Pinterest ( PINS) also reported Tuesday night.

The stock market rally diverged Tuesday, heading into huge earnings and the Fed meeting decision. The Dow Jones, small caps and many nontech ...