U.S. stock index futures advanced on Friday as megacap growth shares rebounded on the back of robust quarterly results from Alphabet and Microsoft, while investors awaited a key inflation print that could help shape U.
Global shares mostly rose Friday despite worries about the economic outlook and inflation in the U.S. and the rest of the world. France's CAC 40 edged up 0.3% in early trading to 8,044.04, while Germany's DAX added 0.
Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services, and the company's shares jumped more than 4% in extended trade.
Big Tech stocks are propelling a popular exchange-traded fund to a big weekly gain, as shares of Google parent Alphabet Inc. and Microsoft Corp. jump after reporting quarterly earnings. The Invesco QQQ Trust Series I,
Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over $2 trillion, while an in-line inflation reading calmed interest rate jitters.
Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its biggest weekly gain since November. The S&P 500 rose 1% Friday.
Microsoft's shares advanced 3.84% in trading before the U.S. market opened after the company beat Wall Street estimates for third-quarter revenue and profit, driven by gains from the adoption of AI across its cloud services.
Wall Street ended solidly higher on Friday, after earnings from tech behemoths Microsoft (MSFT) and Alphabet (GOOG) (GOOGL) reignited the artificial intelligence (AI) craze. Moreover, traders bracing for another hotter-than-expected reading on inflation were calmed after the Federal Reserve's preferred price gauge largely matched estimates.
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Bond prices rallied and yields retreated in relief Friday after the latest inflation figures matched expectations. Traders had been fearing a hotter-than-expected reading. The 2-year Treasury yield was down to 4.
Strong gains for Alphabet and Microsoft have the U.S. stock market on track for its first winning week in the last four. The S&P 500 rose 0.6% early Friday. The
More earnings from Big Tech companies rolled in today, with Microsoft and Alphabet reporting after the market close. Intel, Snap, Roku, T-Mobile, and Western Digital also released results. The group follows Meta Platforms.
U.S. stock index futures advanced on Friday as megacap growth shares rebounded on the back of robust quarterly results from Alphabet and Microsoft, while investors awaited a key inflation print that could help shape U.
The major market averages edged up on Friday, with Nasdaq Composite leading the pack helped by a boost from Alphabet's (GOOGL) and Microsoft's (MSFT) quarterly results, while investors also received further inflation data.
Stock index futures edged up on Friday, with Nasdaq 100 futures leading the pack helped by a boost from Alphabet's (GOOGL) and Microsoft's (MSFT) quarterly results.