Dow Jones Futures Fall After Stocks Rise, Microsoft Tumbles; Beware Doing This

Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. Amazon will cut far more jobs than it previously planned. X Stocks traded up and down Wednesday, amid a Microsoft (MSFT) sell-off, stronger-than-expected economic data and a still-hawkish Federal Reserve, clearly worried about a market rally undermining its inflation fight. The major indexes ultimately closed modestly higher in a largely inside session. Apple (AAPL) and Tesla (TSLA) bounced, recouping a fraction of Tuesday’s fierce losses. China internet stocks were hot Wednesday, with BABA stock, JD.com (JD) and Pinduoduo (PDD) surging after solid gains Tuesday. Hopes for…