"Market bulls and bears are locked in a tug-of-war as technology stocks send mixed signals. Meta Platforms ( Nasdaq: META) is surging 8.1% after delivering better-than-expected earnings and outlining an aggressive push into AI spending but it's doing little to lift market sentiment. Meanwhile, Microsoft ( Nasdaq: MSFT) is sliding by a double-digit percentage, weighing on the Nasdaq Composite and keeping the balance of power unsettled."
"For all intents and purposes Microsoft is operating on all cylinders, surpassing top and bottom line estimates while cloud revenue exceeded the $50 billion level. But Wall Street is punishing MSFT stock for its Q3 outlook, which failed to meet aggressive expectations. Meanwhile, escalating geopolitical uncertainty between the U.S. and Iran has sent the price of oil soaring by over 2% today. Precious metals gold and silver are also continuing their strong rally."
Technology stocks are producing mixed signals as investors react to earnings and guidance. Meta shares surged over 8% after beating estimates and announcing increased AI spending, prompting analysts to raise price targets. Microsoft reported strong revenue and cloud growth but its Q3 outlook disappointed expectations, triggering a significant stock decline and removal from a top picks list. Energy names are rallying as oil rises more than 2% amid U.S.-Iran geopolitical tensions. Precious metals such as gold and silver continue to rally. Major indices are lower, with the Nasdaq and S&P 500 down while market leadership remains unsettled.
Read at 24/7 Wall St.
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