US stock market rebounds: NASDAQ surges, Microsoft leads the tech stock recovery
2026-07-31 00:56:42
According to CoinMeta, the U.S. stock market experienced a significant rebound on Thursday morning, with the Nasdaq index rising by 2.4%, the Dow Jones Industrial Average by 0.8%, and the S&P 500 index by 1.2%. Microsoft (MSFT) shares led the tech sector gains as its cloud business revenue exceeded $100 billion for the first time. Nevertheless, investors remain cautious regarding the U.S. attacks on Iran, bond market turmoil, and concerns over artificial intelligence spending. (META) shares fell by about 9%, continuing their historical losses, as their financial report did not meet expectations. Thursday's (PCE) price data indicated that inflation growth has slowed down compared to last month, which is good news for the Federal Reserve.
Source:Internet
This content is for market information only and does not constitute investment advice.
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