The stock market sold off Wednesday morning, but reversed to narrowly mixed. Microsoft and Meta rose late on earnings.

Futures on Wall Street are extending their recovery from Wednesday, surging sharply in the after-market session. The Dow futures are now up 180 points, the S&P 500 futures are up 50, while the Nasdaq futures are up 280 points led by a strong earnings show from both Microsoft and Meta.

Stocks surged in late trading Wednesday, recovering from steep early-session losses that followed a government report showing a contraction in the U.S. economy, as investors awaited earnings releases from several major technology companies.