July 27 (Reuters) – U.S. stock index futures rose on Wednesday as better-than-feared quarterly reports from technology giants Microsoft and Entertainment News Alphabet calmed investors ahead of a key U.S. interest rate decision later in the day.
The results lifted sentiment after markets closed sharply lower on Tuesday on a profit warning from top U.S. retailer Walmart and weak consumer confidence data.
Microsoft Corp rose 3.8% in premarket trading on Wednesday after it forecast revenue would grow by double digits this fiscal year, Sports News driven by demand for World News cloud computing services.
Alphabet Inc added 3.5% as better-than-expected sales at Google search ads brought relief after social media firm Snap Inc’s warning last week raised fears of a sharp ad market slowdown.