U.S. Stocks Open Higher on Wednesday; Microsoft jump More Than 4%

Tiger Newspress2022-04-27

U.S. stocks rose Wednesday as the market attempted to recover from April’s technology-led sell-off a day after the Nasdaq Composite posted a new low for the year.

The Dow Jones Industrial Average rose about 170 points, or 0.5%. The S&P 500 gained 0.4%. The Nasdaq Composite ticked up 0.43%.

Microsoft’s shares jumped more than 4% after the company beat analyst expectations on the top and bottom lines. The company also issued forward revenue guidance exceeding analyst forecasts.

However, Google parent Alphabet’s earnings resultsmissed consensusestimates. Management warned on the conference call of another potentially weak quarter ahead. Alphabet shares fell about 4%.

Boeing saw shares fell 4% after an earnings miss.

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