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2025-07-31 22:21:50
[US stocks surged in early trading, with Microsoft's market capitalization exceeding $4 trillion and Meta surging 13%] Shares of large US technology companies rose, driving US stocks higher in early trading as traders analyzed the latest inflation and spending data, which highlighted disagreements among Federal Reserve officials on the path of monetary policy. Bond yields fell. The US dollar rose for the sixth consecutive trading day. At 9:39 a.m. New York time, the S&P 500 rose 0.7%, poised for its third consecutive month of gains, its longest winning streak since September of last year. The Nasdaq 100 rose 0.7%, while the Dow Jones Industrial Average was essentially flat. Microsoft's strong performance fueled optimism in artificial intelligence, pushing the company's market capitalization above $4 trillion. Meta Platforms Inc.'s stock price surged 13%, thanks to its previously released strong earnings report. "These two tech giants not only exceeded expectations, they far exceeded them," said Fawad Razaqzada of City Index and Forex.com.
