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Microsoft and Meta Propel Wall Street with Strong Earnings

Marco Sorenson by Marco Sorenson
May 1, 2025
in Markets
Microsoft and Meta Propel Wall Street with Strong Earnings

Wall Street surged on Thursday, driven by stellar earnings from Microsoft and Meta Platforms. The S&P 500 rose 1%, eyeing an eighth consecutive gain, its longest streak since August. The Dow Jones Industrial Average gained 248 points (0.6%), and the Nasdaq composite climbed 1.8%.Microsoft soared 9% after reporting 13% revenue growth, fueled by its cloud computing and AI sectors. Meta, parent of Facebook and Instagram, jumped 5.3%, with AI-enhanced advertising driving revenue and profit above Wall Street’s expectations. Other firms, including CVS Health and Carrier Global, also posted better-than-expected profits, stabilizing markets after recent volatility.
The S&P 500 is now 8.5% below its yearly high, recovering from a near-20% drop. Despite concerns over President Trump’s tariffs and a 0.3% Q1 economic contraction, robust corporate earnings signal resilience. Investors are buoyed by Big Tech’s ability to navigate trade disruptions, with Microsoft and Meta’s AI investments reinforcing optimism. The rally reflects a broader market rebound, though tariff uncertainties and economic slowdown fears linger, testing Wall Street’s momentum in a volatile global trade environment.

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