Reported 2 days ago
Wall Street hit new record highs as Microsoft reported stellar earnings, crossing the $4 trillion market cap, and Meta Platforms surged 12.1% after projecting strong revenue growth driven by AI. The S&P 500 and Nasdaq both showed significant gains, buoyed by optimism in tech investments and inflation data influencing Federal Reserve interest rate expectations. The market's momentum towards monthly gains marks the longest winning streak for the indices in nearly a year.
Source: YAHOO