The surge in Microsoft Corp.’s stock
MSFT,
in the wake of the software behemoth’s blowout earnings report, was the reason futures
YM00,
for the Dow Jones Industrial Average
ES00,
were gaining ground while the broader market was falling. The stock jumped 3.7% toward a three-month high in premarket trading. The implied price gain was adding about 80 points to the Dow’s price, and Dow futures rose 37 points, or 0.1%. Meanwhile, futures
ES00,
for the S&P 500
SPX,
declined 0.4% and futures
NQ00,
for the Nasdaq 100
NDX,
dropped 0.6%.