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Stocks rise to kick off May as Microsoft and Meta rekindle the AI trade: Live updates
Microsoft — Stock in the technology behemoth climbed more than 6% on the heels of better-than-expected third-quarter results on the top and bottom lines. Microsoft earned $3.46 per share on revenue of $70.07 billion, while analysts polled by LSEG were looking for a profit of $3.22 per share and $68.42 billion in revenue.
US Stock Market Highlights: Stocks rise to kick off May as Microsoft and Meta rekindle the AI trade
US stocks rose on Thursday (May 1) as strong earnings from major tech companies helped calm investor concerns about the impact of economic uncertainty and trade tensions on artificial intelligence momentum.
Stock index futures climbed on Thursday, as the earnings of tech giants Microsoft (MSFT) and Meta (META) brought cheer to ...
The blue-chip Dow trimmed earlier gains as Treasury yields jumped Thursday. The Dow was up about 170 points, or 0.4%, near 40,845, after hitting a session high of 41,099.52, according to FactSet data.
Microsoft and Meta's strong earnings reports eased investor fears of an economic slowdown amid President Trump's tariffs.
U.S. stocks advanced on Thursday, with the Dow and S&P 500 posting their eighth straight session of gains after strong ...
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Meta, meanwhile, raised its capital expenditure outlook for 2025, forecasting spending will now fall between $64 billion and $72 billion, up from its prior range of $60 billion to $65 billion.
S&P 500 futures are up 0.9%. Dow Jones Industrial Average futures are adding 0.4%. Nasdaq 100 futures are jumping 1.4%. On Wednesday, the Dow Jones Industrial Average rose 142 points, or 0.35%, to 40, ...
Microsoft and Meta Platforms led Wall Street higher Thursday after the Big Tech companies reported profits for the start of ...
The Dow and S&P 500 staged a late-session rally to close out the month. The Nasdaq slid Wednesday as the stock market weighed weaker-than-expected economic data.
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