Biggest S&P 500 Movers on Thursday

Advancers

• Shares of heating, ventilation, and air conditioning (HVAC) company Carrier Global (CARR) soared 11.6% to log the S&P 500's top performance on Thursday. The gains followed a 澳洲幸运5官方开奖结果体彩网:strong quarterly report that saw Carrier top sales and profit estimates while boosting its full-year outlook.
• Quanta Services (PWR) shares jumped 9.9% after the provider of electric and utility contracting services also posted better-than-expected top- and bottom-line results for the first quarter of 2025. Quanta touted an improvement in profitability in its Electric Infrastructure Solutions and its Underground and Infrastructure Solutions segments, which the company said suggested resilience and adaptability in the face of shifting market conditions.
• Microsoft's sales and profits for its fiscal third quarter also 澳洲幸运5官方开奖结果体彩网:exceeded analysts' forecasts, and shares of the tech behemoth surged 7.6%. The company highlighted dynamic growth in its Intelligent Cloud segment, home to its Azure cloud computing business. The firm's chief financial officer (CFO) also discussed the promising trajectory for AI demand and affirmed Microsoft's plans for $80 billion in infrastructure spending throughout fiscal 2025.

Decliners

• Medical device manufacturer Becton Dickinson (BDX) reduced its full-year profit forecast, citing the potential impact from tariffs imposed by the Trump administration. Its shares plunged 18.1%, losing the most of any S&P 500 stock. Following the guidance cut, analysts at a variety of research firms downgraded Becton Dickinson stock, citing inconsistencies in the company's execution and a lack of confidence in its ability to drive growth.
• Eli Lilly (LLY) topped sales and profit estimates with its first-quarter results, driven by strong sales of its GLP-1 weight loss and diabetes treatments. However, the pharmaceutical giant also 澳洲幸运5官方开奖结果体彩网:cut its full-year profit guidance, reflecting a charge related to its acquisition of a cancer treatment. Shares of Eli Lilly dropped 11.7% on Thursday.

• Disappointing guidance also weighed on shares of semiconductor giant Qualcomm (QCOM), which sank 8.9%. While the chipmaker topped sales and profit estimates for its fiscal second quarter, its sales forecast for the 澳洲幸运5官方开奖结果体彩网:📖current quarter came in below expectations. The company downplayed the potential impact of tariffs.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Apple Reports Strong Earnings, Says Tariffs to Take a Bite

Apple (AAPL) reported fiscal second-🍎quarter revenue and🅠 earnings that surpassed analysts’ expectations, with higher-than-expected iPhone sales.

The iPhone maker reported revenue of $95.4 billion, up 5% year-over-ye🤪ar and above the analyst consensus from Visible Alpha. Net income of $2𒊎4.78 billion, or $1.65 per share, compared to $23.64 billion, or $1.53 per share, a year earlier, topping Wall Street’s estimates. 

The gains came as Apple's iPhone sales climbed 2% to $46.84 billion, ahead of projections, while Mac sales rose 7% to $7.95 billion, and iPad sales jumped 15% to $6.4 billion. The company's services revenue improved 12% to $26.65, just under expectations of $26.71 billion.

Apple also said its board authorized a $100 billion share repurchase program and incr🦂eased its dividend by 4% to 26 cents per share.

However, shares slipped in extended trading Thursday as CEO Tim Cook told investors during the company's earnings call that tariffs, if kept at their current levels, would increase Apple’s costs by about $900 million in the current quarter running through June. 

Cook said the company is “uncertain of potential future acti🌠ons” regarding tariff changes. The majority of iPhones sold in the U.S. this quarter will come from India rather than China, Cook said, with iPad, Mac, Apple Watch, and other products coming mostly from Vietnam. 

The results come as several analysts have warned the company could be hurt by a trade war with China, where Apple manufactures an estimated 90% of its products. President Donald Trump has said he expects tariffs on China “澳洲幸运5官方开奖结果体彩网:will come down substantially” but not drop to zero. To help mitigate some risk, Apple is 澳洲幸运5官方开奖结果体彩网:reportedly planning to move the 🍰assembly of all iPhones it sells in the U.S. to India by the end of 2026⭕. 

Apple shares were down about 4% in after-hours trading. Through Thursday's close, the stock has lost 15% so far in 2025.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Amazon Results Top Expectations, Outlook Misses

Amazon (AMZN) reported first-quarter earnings that topped ana𝔉lysts’ expectations, but its outlook disappointed.&nbs♔p;

The e-com꧟merce and cloud services giant reported quarterly revenue of $155.7 billion, up 9% year-over-year and above the analyst consensus from Visible Alpha. Net income of $17.1 billion, or $1.5꧋9 per share, compared to $10.4 billion, or 98 cents per share, a year earlier, topping Wall Street’s estimates.

Looking ahead, Amazon projected second-quarter revenue of $159 billion to $164 billion, roughly in line at the midpoint with the $161.27 billion called for by Wall Street. However, Amazon's projected operating income of $13 billion to $17.5 billion was largely below the analyst consensus.

Amazon shares were down more than 2% in recent after-hours trading. The stock is down 13% so far in 2025 through Thursday's close.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Reddit Soars in Extended Trading on Revenue Growth, Outlook

Reddit stock is flying in extended trading after the company known for rollicking forums and "upvotes" offered some reasons for optimism about the advertising market.

Share🦄s of the social-media company jumped nearly 20% after the company turned in quarterly financial results after the closing bell. Revenue, at more than $392 million, rose by more than 60% and easily outstripped the Visible Alph༺a consensus estimate, while net income also came in ahead of the Street’s expectations. 

Reddit (RDDT) also turned in a bullish outlook that likely helped sooth investors concerned about the effect that uncertain U.S. trade policy and other economic worries might have on the advertising market. Snapchat parent Snap (SNAP) earlier this week withheld a quarter-ahead outlook and discussed cost-cutting plans while 澳洲幸运5官方开奖结果体彩网:reporting its own results. 

The company pointed ൲investors toward a range of second-quar𒉰ter revenue that, at its $420 million midpoint, would be well above the $394 million consensus.

“We’re not immune to the broader macro environment, but so far it's been mostly business as usual,” COO Jennifer Wong said in an interview with Bloomberg.

Reddit stock is down substantially for the year, losing more than a quarter of its value in 2025 through Thursday’s close. It finished the regular session around $119, below the Street's $152 consensus price target.

-澳洲幸运5官方开奖结果体彩网:David Marino-Nachison

McDonald's Says Middle-Income Americans Feeling Squeezed

McDonald's (MCD) ဣtraffic has dropped as ec👍onomic pressure spreads from low- to middle-income consumers, executives said Thursday. 

Weak 澳洲幸运5官方开奖结果体彩网:consumer confidence dragged down business more than anticipated, executives at the fast-food giant said during a quarterly 澳洲幸运5官方开奖结果体彩网:conference call Thur﷽sday. Low-income Americans have been visiting restaurants less for a while, CFO Ian Borden said, but traffic among middle-income households was down nearly double digits in the first quarter compared with the same period last year. 

Inflation, high interest rates and other economic pressures have been weighing on lower-income consumers, Borden said, according to a transcript made available by AlphaSense. "That's spilling over into middle-income consumers right now," he added.

澳洲幸运5官方开奖结果体彩网:Comparable sales at U.S. McDonald's locations fell 3.6% year-over-year in the quarter ended March 31, 澳洲幸运5官方开奖结果体彩网:declining more than analysts💜 expected. The burger giant also missed revenue estimates, reporting $5.96 billion in sales t𒆙hat marked ☂a 3% year-over-year decline.

Fewer morning visits, in particular, may be a bellwether, CEO Chris Kempczinski said. "You're seeing people are choosing either to skip breakfast or they're choosing to eat at home,” he said, according to the transcript.

To appeal to those on a budget, McDonald’s will continue offering 澳洲幸运5官方开奖结果体彩网:value meal deals for as little as $5 for the rest of 2025, Borden said. 澳洲幸运5官方开奖结果体彩网:McDonald’s draws a larger share of low-income and middle-🦂income dineꦍrs than some others in the industry, according to Borden.

McDonald’s shares fell nearly ꦍ2% on Thursday. In the last year, they have gained about 14%.

-澳洲幸运5官方开奖结果体彩网:Sarina Trangle

Carrier Global Leads S&P 500 Gainers on Results, Outlook

Carrier Global (CARR) shares surged to lead 澳洲幸运5官方开奖结果体彩网:S&P 500 gains Thursday after the heating, ventilation, and air conditioning company p♑osted better-than-expected results for the first quarter and raised its full-year profit outlook𝕴.

The Palm Beach Gardens, Fla.-based company reported adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of 65 cents on sales that fell 4% 澳洲幸运5官方开奖结果体彩网:year-over-year to $5.22 billion. Analysts who follow Carrier and were polled by V⭕isible Alpha expected 58 cents and $5.2⭕ billion, respectively.

Carrier raised its full-year adjusted EPS outlook to a range of $3 to $3.10 from the prior $2.95 to $3.05. It also sees 2025 sales of about $23 billion, versus approximately $22.5 billion to $23 billion previously.

Shares soared 12% on Thursday, bringing the♛m into positive territory for 2025.

-澳洲幸运5官方开奖结果体彩网:Aaron Rennie

What Analysts Think of Amazon Ahead of Earnings

Amazon (AMZN) is set to release first-quarter results after the closing bell, with analysts bu💫llish on the online retail and tech giant🐓.

All 26 analysts tracked by Visible Alpha who follow the company rate Amazon's stock as a "buy," with every analyst holding a price target above the 💟stock's current levels. The average price target is around $241.

Amazon shares were up more than 3% at around $191 in late trading Thursday. The stock has lost about 13% since the beginning of the year, amid a tariff-fueled market sell-off that has 澳洲幸运5官方开奖结果体彩网:hit the Magnificent Seven hard.

Amazon is expected to report $155 billion in revenue for the first quarter, up 8% from the 澳洲幸运5官方开奖结果体彩网:first quarter a year ago. Adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share are expeᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚc💯ted to rise to $1.75 from $1.46 the same time last year.

Analysts will likely seek more information about Amazon's plans to 澳洲幸运5官方开奖结果体彩网:keep up with the spending 澳洲幸运5官方开奖结果体彩网:pace of it༒s artificial intelligence rivals. But Wall Street's 澳洲幸运5官方开奖结果体彩网:attention is also focused on the impact of the Trump administration'𝓡s tariffs.

Morgan Stanley analysts wrote recently that they estimate 18% of products on Amazon are imported from China, and that roughly 60% of third-party sellers on the platform have "some China exposure" that could affect ad spending plans.

Executives may also be asked about 澳洲幸运5官方开奖结果体彩网:reports earlier this week that the company planned to show shoppers the effects of tariffs on items for purchase, which led to a stiff rebuke from the White House. The company later said it considered such a move, but only for its 澳洲幸运5官方开奖结果体彩网:Amazon Haul business, and that the idea "was never approved and is not going to happen.”

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

What Wall Street Thinks of Apple Stock Ahead of Earnings

Apple (AAPL) is slated to report fiscal second-quarter results after the market closes today, with investors likely to be watching for clues on how 澳洲幸运5官方开奖结果体彩网:shifting trade policies could impact the iPhone maker.

Bank of America analysts recently reiterated a “buy” rating, but lowered their price target to $240 from $250, citing "uncertainty in the economic outlook." The analysts said they anticipate Apple could see some near-term upside "driven by some pull forward of demand" driven by tariff worries, but warned that demand could weaken as concerns about the economy weigh on consumers.

Several analysts have also warned the company could be hurt by a trade war with China, where Apple manufactures an estimated 90% of its products. President Donald Trump has said he expects tariffs on China “澳洲幸运5官方开奖结果体彩网:will come down substantially” but not drop to zero. To help mitigate some risk, Apple is reportedly 澳洲幸运5官方开奖结果体彩网:planning to move the assembly of all iPhones 💦it sells in the U.S. to India by the end of 2026. 

Of th♔e 15 analysts covering Apple tracked by Visible Alpha, nine have a “buy” or equivalent rating f💟or the stock, with four “hold” ratings, and two “sell” ratings. Their consensus price target is near $232.

Apple shares were up fractionally at around $213 in late trading Thursday. The stock has dropped 15% since the start of the y🌌ear.

Analysts on average expect Apple to report second-quarter revenue of $94.72 billion, up 4% year-🌸over-year, and net income of $24.47 billion, or $1.63 per share,🎃 up from $23.64 billion, or $1.53 per share, a year earlier.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Is The AI Trade Back On?

Wall Street is partying like it's 2024.

Shares of tech 澳洲幸运5官方开奖结果体彩网:mega-caps soared on Thursday as strong earnings reports from Microsoft (MSFT) and Meta Platforms (META) breathed fresh life into the AI trade that's fueled stock market gains for the past two year♔s. 

The results boosted beaten-down AI and Big Tech stocks. Nvidia (NVDA) stock, which entered Thursday's session down 19% since the start of the year, was up about 4% in recent trading. Nuclear power providers Vistra (VST) and Constellation Energy (CEG), whose stocks soared last year on booming demand for electricity to power 澳洲幸运5官方开奖结果体彩网:AI data centers, were up more than 6% and 8%, respectively, lifting both stocks into positive territory for the year. Networking tech company Arista Networks (ANET), down about 30% 澳洲幸运5官方开奖结果体彩网:year-to-date as of Wednesday, jumped more than 7%.

AI stocks were hit hard by this year's market mayhem. AI stocks sold off in late January after advances by 澳洲幸运5官方开奖结果体彩网:Chinese startup DeepSeek called into question the economic assumptions underpinning the AI trade. That panic was followed by President Donald Trump's global trade war, which sent investors 澳洲幸运5官方开奖结果体彩网:racing into safe havens ami⛎d mounting concerns about a worldwide economic slowdown.

The economic uncertainty appeared to be taking a toll on AI investment. Microsoft's head of cloud operations last month said the company was pausing work on some AI data centers in their early phases, and Amazon was reportedly mulling slowing its data-center expansion. Microsoft and Meta's results put those concerns to bed—at least for now.

The results also gave investors some evidence that AI investments are paying off. Meta 澳洲幸运5官方开奖结果体彩网:CEO Mark Zuckerberg told analysts Wednesday that AI-driven content recꦆommend𝓡ations had increased time spent on its platforms by between 6% and 35% in the last six months.

Read the 澳洲幸运5官方开奖结果体彩网:full article here.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Analysts Raise Microsoft Price Targets on AI-Fueled Growth

Microsoft (MSFT) shares surged Thursday after the company posted what Morgan Stanley called “one of their 澳洲幸运5官方开奖结果体彩网:strongest quarters in recent memory,” onܫ growth fueled by demand for cloud coꦰmputing and AI.

Micro🍒soft shares were up more than 8% in recent trading to about $430,🍬 pushing them into positive territory for 2025.

Morga﷽n Stanley raised its price target to $482 from $472 following the results, which beat Wall Street’s revenue expectations across ♏all segments. “We remain strong buyers of this GenAI winner,” the analysts said. “Bottom-line, while the macro presents uncertainty, Microsoft appears poised to yield on GenAI investments which should support share gains and more durable growth ahead.”

Bank of America maintained a $515 target, and noted earlier-than-expected returns on Microsoft’s infrastructure investments. During Microsoft’s earnings call Wednesday, CFO Amy Hood reiterated the company's plan to spend 澳洲幸运5官方开奖结果体彩网:$80 billion on infrastructure in fiscal 2025. Hood said demand for AI has continued to grow, to the point Microsoft expects “to have some AI capacity consꦺtraints beyond June.”

Meanwhile, Jefferies boosted its target to a more bullish $550 and Wedbush moved to $515, both from $475 previously. “We are laser focused on the AI piece of this MSFT story,” Wedbush said. “All metrics were ahead of expectations which give us added confidence in the AI Revolution bull thesis.”

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Friday's Jobs Report Has Gotten More Important

The health of the job market has taken on new significance for financial markets and the Federal Reserve as signs mount that President Donald Trump's tariffs are straining the economy.

Forecasters expect 澳洲幸运5官方开奖结果体彩网:Friday's report on the job market to show the economy added 133,000 jobs in April, down from 228,000 in March, according to a survey of economists by Dow Jones Newswires and The Wall Street Journal.

 Anything much less than that could be a red flag for the economy's trajectory, especially in light of other economic data this week showing the nation's economic output 澳洲幸运5官方开奖结果体彩网:shrank in the first quarter.

"A report like this builds anticipation for Friday’s payroll numbers since the trajectory for growth hinges on the health of the labor market," Jeffrey Roach, chief economist for LPL Financial, wrote in a commentary.

Signs of trouble in the labor market continued to mount Thursday when a survey of supply managers showed the industry the tariffs are meant to help—manufacturing—is struggling to adapt to them. The survey suggested manufacturers are laying off workers as tariff orders are being implemented.

"Respondents’ companies continue to reduce headcounts through layoffs, attrition, and hiring freezes," Timothy R. Fiore, chair of the Institute for Supply Management, wrote in Thursday's report. "Layoffs were the primary tools used, an indication that headcount reduction is becoming more urgent.”

A worse-than-expected jobs report could have implications for the Federal Reserve, which is tasked with a 澳洲幸运5官方开奖结果体彩网:dual mandate to keep employment high💦 while subduing inflation. A drop in employment could encourage the Fed to boost the economy by dropping its benchmark interest rate from its current high level, which would reduce borrowing costs on all kinds of🀅 loans.

-澳洲幸运5官方开奖结果体彩网:Diccon Hyatt

Watch These Qualcomm Levels as Stock Drops on Soft Outlook

Qualcomm (QCOM) shares tumbled Thursday after the mobile chip designer 澳洲幸运5官方开奖结果体彩网:issue♔d a light revenue outlook&🌱nbsꦅp;that overshadowed better-than-expected quarterly results.

While the company said it doesn’t currently anticipate any material impact from tariffs, and that it had not seen elevated pre-emptive product purchasing ahead of possible import duties during the quarter, it cautioned the situation could change due to unpredictable 澳洲幸运5官方开奖结果体彩网:U.S.-China trade tensions.

Qualcomm’s shares were down 8% at around $136 in recent trading. The stock has lost about 17% of its value over the past 12 months, due in part to concerns that the company could see a significant decline in revenue as key customer Apple (AAPL) ramps up production of in-house chips to power 🌞its devices.

Qualcomm shares had been entrenched in a multi-month 澳洲幸运5官方开奖结果体彩网:descending channel since setting their 澳洲幸运5官方开奖结果体彩网:record high last June. More recently, the stock rallied from the pattern’s lower trendline, which coincided with the 澳洲幸运5官方开奖结果体彩网:relative strength index crossing back above the 50 threshold to sign𝐆al accelerating price momentum.

However, the buying enthusiasm ended abruptly Thursday, potentially paving the way for the stock to resume its longer-term 澳洲幸运5官方开奖结果体彩网:downtrend.

Investors should watch major support levels on Qualcomm's chart around $135 and $126 while also monitoring key overhead areas near $153 and $176.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Meta Stock Rises as Wall Street Bullishness Intensifies

Shares of Meta Platforms (META), the parent company of Facebook and In🦋stagram, surged more than 6% this morning. The shares remain off 2025 highs, but have jumped out of the hole into which they’d stumbled in April. 

The stock is being driven higher by quarterly financial results and related executive commentary, delivered last night, that investors are interpreting as a sign of strength in the tech trade. Earnings and revenue 澳洲幸运5官方开奖结果体彩网:came in higher than Wall Street expected, and the company boasted of growing use of its AI offerings and reaffirmed big 澳洲幸运5官方开奖结果体彩网:capital spending plans.

Wall Street analysts were already bullish on Meta stock before the results, and several turned even more so after them. ไBank of America lifted its target by $50 to $690, while JPMorgan boos𝄹ted its own by $65 to $675. (The Visible Alpha average is around $689 today.)

“We know it’s not that easy to execute s༺o well [and]🤡 deliver strong growth off a big base,” JPMorgan wrote. “But we believe Meta is keenly aware that with strong execution [and] AI transparency, it will get a longer leash from the Street on AI investments.”

Canaccord Genuity’s Maria Ripps on Thursday maintained an $825 price target that is substantially higher than any o🧸ther currently tracked by Visible Alpha and which would represent a record high. The sto🌺ck finished Wednesday at $549. 

“While the company does face potential macro and regulatory headwinds, with shares still well off recent highs and a long runway ahead for AI-driven improvements to key business functions, we continue to view the stock as a core holding for tech investors,” Ripps wrote. 

-澳洲幸运5官方开奖结果体彩网:David Marino-Nachison

Eli Lilly Stock Sinks as Lowered Outlook Outweighs Solid Q1

Shares of Eli Lilly (LLY) fell Thursday after the pharmaceutical giant's lowered🎀 profit projections outweighed first-quarter results that came in above analysts' expectations.

The drugmaker posted adjusted earnings per share of $3.34 on revenue that increased 45% year-over-year to♎ $12.73 billion. 🌳Analysts surveyed by Visible Alpha projected $3.25 and $12.62 billion, respectively.

Sales of Lilly's blockbuster weight-loss drugs Mounjaro and Zepbound rose to $3.84 billion and $2.31 billion, respectively. Mounjaro sales topped expectations of $3.76 billion and Zepbound fell just short of the $2.33 billion consensus.

Lilly affirmed its full-year revenue guidance, but lowered its profit forecasts. 澳洲幸运5官方开奖结果体彩网:Last quarter, it said it expected 2025 revenue between $58.0 to $61.0 billion, with EPS from $22.05 to $2🀅3.55, and ♉adjusted EPS of $22.50 to $24.00.

EPS is now forecast within a range of $20.17 to $21.67, while adjusted EPS is now projected at $20.78 to $22.28. The drugmaker said the reduction is due to "net losses on investments in equity securities," along with acquired in-process research and development (IPR&D) charges, which came in at about $1.57 billion in the first quarter.

Lilly shares were down 7% recently.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Nvidia Rises as Big Tech Continues Spending Big on AI

Nvidia (NVDA) shares are surging early Thursday as two of its key customers—澳洲幸运5官方开奖结果体彩网:Microsoft (MSFT) and 澳洲幸运5官方开奖结果体彩网:Meta Platforms (META)—posted strong results and committed to continuing their heavy 澳洲幸运5官方开奖结果体彩网:artificial intelligence spending. 

During Microsoft's earnings call Wednesday, CFO Amy Hood reiterated the company's plan to spend 澳洲幸运5官方开奖结果体彩网:$80 billion on AI infrastructure in fiscal 2025. Meta, meanwhile, said it plans to boost its 澳洲幸运5官方开奖结果体彩网:capital expenditures this year to $64 billion to $72 billion to grow its AI capacity. Mark Zuckerberg, the social media giant's CEO, called the opportunities in deploying the technology "澳洲幸运5官方开奖结果体彩网:staggering" during Meta's earnings call.

Nvidia shares, which were up about 4% recently, have been 澳洲幸运5官方开奖结果体彩网:struggling this year—the stock was down 19% year-to-date entering Thursday—partly due to investor𝓀 concerns that Big Tech is slowing or pausing some AI data center buildouts amid the uncertain economic outlook. The company dominates the market for chips needed to build AI systems.

Shares in the chipmaker have also taken a hit from the rising economic uncertainty triggered by the trade war as well as growing tensions between Beijing and Washington. Nvidia recently warned investors that it expects to take a 澳洲幸运5官方开奖结果体彩网:$5.5 billion first-quarter charge after the U.S. government li𓃲mited exports of its AI chips to China. Nvidia is expected to report quarterly earnings later this month.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Microsoft Levels to Watch as Stock Soars After Earnings

Microsoft (MSFT) shares surged in premarket trading after the company issued fiscal third-qu🍨arter results and guidance that topped Wall Street's expectat✨ions. boosted by strong growth in its cloud bus🎶iness.

CEO Satya Nadella said the company’s Intelligent Cloud segment, which houses its Azur🧜e cloud computing platform, continues to benefit from businesses’ need to expand🌄 output, reduce costs and accelerate growth, adding that Microsoft continues to innovate across its AI stack.

Following a successful retest of the top trendline of a 澳洲幸运5官方开奖结果体彩网:falling wedge pattern, Microsoft shares 𒉰stage🎀d a sharp move higher leading into the tech giant’s earning’s report, potentially setting the stage for a longer-term bullish reversal.

It’s also worth noting that the shares on Wednesday registered their highest 澳洲幸运5官方开奖结果体彩网:trading volume in three weeks, suggesting that larger market participants, such as 澳洲幸运5官方开奖结果体彩网:institutional investors and hedge funds, had positioned for a signꦿificant post-ea🍬rnings move.

Investors should watch two key overhead areas on Microsoft's chart around $442 and $468, while also monitoring crucial support levels near $395 and $359.

Microsoft shares were up nearly 9% at around $4🌳30 in recent premarket trading.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Major Index Stock Futures Point to Sharply Higher Open

Futures tied to the Dow Jones Industrial Average were up 0.8⛎%💙.

S&P 500 futures rose 1.3%.

Nasdaq 100 futures surged 1.9%.