Microsoft's Best Day Since 2008 Leads US Stocks, While Inflation Worries Remain in the Bond Market
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.
58 Articles
58 Articles
Microsoft rally lifts stocks, 30-year Treasury yield hits 19-year peak | Honolulu Star-Advertiser
Stocks rallied today, led by Microsoft’s 15.5% surge, while 30-year Treasury yields scaled a 19-year peak after Federal Reserve Chair Kevin Warsh’s comments on Wednesday unsettled investors, concerned that the Fed would be insufficiently vigilant about long-term inflation.
Microsoft’s best day since 2008 leads US stocks, while inflation worries remain in the bond market - Regional Media News
NEW YORK (AP) - A monster day for Microsoft's stock following signals that its big spending on AI is translating into profits led a powerful rebound on Wall Street Thursday, while computer-chip companies regained some of their sharp recent losses. In the bond market, though, worries remained about inflation potentially remaining high for years. The S&P 500 rallied 1.7% and more than recovered its drop from the day before, which was its worst in …
Microsoft’s best day since 2008 leads US stocks, while inflation worries remain in the bond market - Boston News, Weather, Sports
NEW YORK (AP) — A monster day for Microsoft’s stock following signals that its big spending on AI is translating into profits led a powerful rebound on...
Blowout Microsoft results lift US stocks as oil retreats
NEW YORK: Wall Street stocks rebounded on Thursday (Jul 30) as blowout Microsoft results and moderating oil prices blunted worries about higher US Treasury yields.Shares of Microsoft surged more than 15 per cent following strong results driven by its cloud and artificial intelligence divis
Microsoft's best day since 2008 leads stocks, while inflation worries remain in the bond market
A monster day for Microsoft following signals that its big spending on AI is translating into profits led a powerful rebound on Wall Street, while AI stocks regained some of their sharp recent losses
The American stock exchanges fired this Thursday, driven by the strong advance of the technology sector, led by Microsoft's actions, after strong quarterly results. The indices recovered much of the losses seen in yesterday's sell-off, amidst questions about the credibility of the President of the Federal Reserve (Fed), Kevin Warsh. Reading in line with the expected June PCE and reading slightly below the second quarter GDP consensus had little …
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