Morning Briefing: Microsoft hires former top Amazon cloud executive
By Julianna
Hey, moomooers! Here are things you need to know before the opening bell:
- U.S. stock futures were lower in overnight trading on Wednesday following the S&P 500′s rally that saw the index cross the 4,500 level for the first time ever.
- Microsoft hired a top Amazon cloud veteran and ally of Chief Executive Andy Jassy.
Market Snapshot
U.S. stock futures were lower in overnight trading on Wednesday following the S&P 500′s rally that saw the index cross the 4,500 level for the first time ever.
$Dow Jones Industrial Average (.DJI.US)$futures were 5 points up. $S&P 500 Index (.SPX.US)$futures and $NASDAQ 100 Index (.NDX.US)$futures were down.
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Firms including $Norwegian Cruise (NCLH.US)$and $Zoom Video Communications (ZM.US)$have sold billions of dollars of shares this year, rushing to cash in on soaring stock prices amid a speedy recovery from the pandemic-induced recession.
Microsoft hires former top Amazon cloud executive, adding to rivalry
$Microsoft (MSFT.US)$hired a top $Amazon (AMZN.US)$cloud veteran and ally of Chief Executive Andy Jassy, according to a company document, in a rare jump of a senior executive between the cloud-computing industry's leading rivals.
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$Salesforce (CRM.US)$reported a boost in sales for the most recent quarter in a sign that companies continue to embrace cloud computing for business applications as offices slowly reopen.
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Key Events This Week
Source: CNBC, Dow Jones Newswires
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Meltyy : I think Microsoft's move is a good start
manyjackie : Thanks for your sharing![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
iSpyderTrader : $Microsoft (MSFT.US)$ is moving in the right direction. just a bit late in the game. but never too late. Hopefully, these experienced individuals will fast track the implementation.
pampino : cool
Seussthedemigod : Ah very interesting
ah b : Good information
Dollar88 : Good info thanks