Nasdaq futures jump on Meta, Microsoft boost; Fed damps mood
Nasdaq futures rose 1.3% overnight as Meta and Microsoft beat earnings, offsetting the Fed's cautious tone. Strategists flagged weak August seasonality and a potential 'summer swoon', but noted strong long-term momentum. S&P 500 futures gained 0.9%, while small-caps lagged. QQQ and tech sentiment remain upbeat heading into key inflation data.