BUSINESSWPLG LOCAL 10 MIAMI
Microsoft leads a rally on Wall Street, while worries about inflation remain in the bond market
U.S. stocks rebounded as Microsoft surged 15.1% on stronger-than-expected profits and cautious AI investment plans. The S&P 500 gained 1.1%, the Nasdaq rose 2.3%, and tech-related companies like Micron Technology and Lam Research saw significant gains. Bond markets remained wary of inflation, with Treasury yields fluctuating after Federal Reserve chairman Kevin Warsh emphasized the central bank's commitment to reducing inflation to 2%.
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- Wall Street recovers more than half of the prior's day loss as Microsoft and chip stocks rally
- Wall Street recovers most of the prior’s day loss as Microsoft and many AI stocks rally
- Wall Street recovers most of the prior's day loss as Microsoft and many AI stocks rally
- US stocks rise after data shows slowing inflation, even as IBM plunges
- Most US stocks rise, but drops for tech keep Wall Street in check