Wall St. set to open lower, weighed down by GE

Microsoft's stock was set to open up 6.1 percent at an all-time high of $60.75 after the company said sales at its flagship cloud business doubled in the latest quarter. McDonald's rose 3.10 percent after the fast-food chain reported better-than-expected quarterly revenue and profit. "Although earnings have been coming in mixed, GE's comments of a sluggish economy is causing investors to take a step back," said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey.