Nasdaq futures rise after benchmark’s worst day since April: Live updates

Regulators at the European Union said Tuesday that Microsoft is breaching antitrust rules in the region with “abusive” bundling of Teams and Office.

“The European Commission has informed Microsoft of its preliminary view that Microsoft has breached EU antitrust rules by tying its communication and collaboration product Teams to its popular productivity applications included in its suites for businesses Office 365 and Microsoft 365,” the European Commission — the EU’s executive arm — said in a statement.

Microsoft shares were down slightly in the premarket.

— Fred Imbert

European stocks opened lower Tuesday, following souring U.S. market sentiment at the start of the week.

The Stoxx 600 index was down 0.32% in opening trade, with sectors and major bourses diverging. Tech stocks sunk 1.53% while oil and gas rose 0.99%.

The U.K.’s FTSE index was up 0.1% at 8,290, Germany’s DAX 1% lower at 18,146, France’s CAC 40 down 0.55% at 7,663, and Italy’s FTSE MIB down 0.15% at 33,788.

Pool Corp shares shed 11% after the company revised its full-year earnings guidance.

The wholesale pool supplies distributor said it now expects earnings per share to range between $11.04 and $11.44 for the full year, versus prior guidance of $13.19 to $14.19. That’s also below a FactSet estimate of $13.05.

For the second quarter the company said it expects EPS to come in between $4.85 and $4.95, compared to a FactSet estimate of $5.83.

The company also said sales are trending down 6.5% from the same period last year.

— Samantha Subin

Stock futures opened little changed Monday evening. Futures tied to the Dow Jones Industrial Average added 25 points, while S&P 500 futures hovered near the flatline. Futures connected to the Nasdaq-100 edged up 0.07%.

— Samantha Subin