Tech Stocks Surge, Driving S&P 500 Higher
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The S&P 500 rallied for its eighth consecutive day, up 0.6%, boosted by strong performances from Microsoft and Meta. Microsoft's strong cloud and AI results sent its shares soaring 7.6%. However, negative forward guidance from Eli Lilly, Qualcomm, and Becton Dickinson led to share drops. Carrier Global and Quanta Services saw significant gains following strong quarterly reports. The tech sector's strength pushed the Nasdaq up 1.5%, while the Dow edged up 0.2%. Concerns about tariffs impacted some companies' outlooks.
The S&P 500 rallied for its eighth consecutive day, up 0.6%, boosted by strong performances from Microsoft and Meta. Microsoft's strong cloud and AI results sent its shares soaring 7.6%. However, negative forward guidance from Eli Lilly, Qualcomm, and Becton Dickinson led to share drops. Carrier Global and Quanta Services saw significant gains following strong quarterly reports. The tech sector's strength pushed the Nasdaq up 1.5%, while the Dow edged up 0.2%. Concerns about tariffs impacted some companies' outlooks.
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