U.S. stock futures are experiencing significant gains as investors turn their attention to corporate earnings reports, with S&P 500 futures up 1.2% and Nasdaq futures up 1.8%. Microsoft shares soared by about 9% following robust quarterly profit and revenue stemming from AI cloud services, exceeding analysts' expectations. Additionally, Meta Platforms' stock rose 6% due to strong advertising revenues. While major companies like Apple and Amazon are poised to report earnings soon, Tesla's board denies rumors about CEO leadership changes affecting investor sentiment.
Microsoft's revenue increased 13% year-over-year to $70.07 billion, driven largely by a 21% rise in AI cloud revenue, significantly bolstering investor confidence.
U.S. stock futures surged amid optimism surrounding corporate earnings, with S&P 500 and Dow Jones rising significantly, continuing a positive market trend.
Meta's advertising revenue exceeded expectations, leading to a 6% rise in stock premarket, reflecting the company's strengthening position in the digital ad space.
While Microsoft shares have rebounded 15% since April, they remain down 6% year-to-date, indicating a mixed market sentiment despite robust earnings.
Collection
[
|
...
]