US stocks dip as Meta surges while Microsoft slumps

US stocks dip as Meta surges while Microsoft slumps

In the US, Wall Street stocks dipped following diverging reactions to earnings from tech giants Microsoft and Facebook parent Meta Platforms. Shares of Meta...

Mark Zuckerberg passes Jeff Bezos for no. 4 richest as Meta stock soars on earnings beat

Mark Zuckerberg’s fortune added more than $22 billion Thursday, ranking him as the world’s fourth-richest person, surpassing Amazon’s Jeff Bezos as Meta’s stock rallied after once again exceeding Wall Street’s expectations for quarterly revenue. The company reported quarterly revenue that exceeded Wall Street’s expectations.Copyright 2024 The Associated Press. All rights reserved. Key Takeaways Shares of Meta surged 10.2% to above $737 as of 3…

US stocks dip as markets digest Big-Tech AI splurge, Fed rate pause

Tech stocks experienced a mixed early trading session Thursday as investors reacted to earnings from Microsoft and Meta Platforms. Meta surged on strong AI results, while Microsoft fell due to concerns over increased AI spending. The Dow, S&P 500, and Nasdaq all saw declines.