US Stocks: US Market Opens Higher as Microsoft's Results Temper some AI Jitters
Microsoft rose 8% on Azure growth, while Meta fell 7% after a weak revenue outlook and Treasury yields climbed above 5.2%, traders said.
- U.S. stocks rose Thursday, led by Microsoft, which jumped 15.2% after reporting stronger-than-expected quarterly profit as CEO Satya Nadella highlighted Azure cloud growth reflecting customer AI adoption.
- Meta Platforms declined 8.5% after revealing a 91% dip in free cash flow, prompting Stephen Evans of Pave Finance to characterize it as a "tale of two AI investment strategies."
- Computer-Chip companies clawed back recent losses as Micron Technology jumped 8.4%, Lam Research leaped 18.3%, and Advanced Micro Devices rallied 7.3% on Thursday.
- Treasury yields eased following Wednesday's Federal Reserve meeting, with the 10-year rate declining to 4.65% from 4.67% while the 30-year yield held at 5.20%.
- Reports released Thursday showed U.S. economic growth slowed, while Sameer Samana of Wells Fargo Investment Institute said the September Fed meeting remains "live" for potential action.
26 Articles
26 Articles
Star Beacon
Wall Street recovers most of the prior's day loss as Microsoft and many AI stocks rally
U.S. stocks are bouncing back after Microsoft leaped on hopes that its big spending on artificial-intelligence technology will be worth it, while computer-chip companies clawed back some of their big recent losses. The S&P 500 rallied 1.2% Thursday and recovered…
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Investors reward Microsoft's results, but sanction Meta's expensive AI race. ...
The Times-Tribune
mykxlg.comWall Street recovers more than half of the prior's day loss as Microsoft and chip stocks rally
U.S. stocks are bouncing back after Microsoft leaped on its latest profit report and computer-chip companies clawed back some of their big recent losses. The S&P 500 rose 0.9% Thursday and recovered more than half its drop from the prior…
Rising Dawn: Tech Stocks Rebound Amid Federal Reserve Policy Uncertainty
U.S. stock index futures rose, driven by Microsoft's promising forecasts amid AI spending concerns. Despite a tech selloff spurred by Federal Reserve policy uncertainty, Microsoft's positive outlook calmed investors. Meanwhile, Meta's AI costs led to a significant cash flow drop, further impacting market sentiment. Key economic data is anticipated.
Microsoft's strong cloud growth calms Wall Street after a week of chip sales. Meta disappointed, Samsung surprised.
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