Wall Street recovers most of the prior's day loss as Microsoft and many AI stocks rally
Source: The Atlanta Journal-Constitution · 2026-07-30
U.S. stocks are bouncing back after Microsoft leaped on hopes that its big spending on artificial-intelligence technology will be worth it, while computer-chip companies clawed back some of their big recent losses. The S&P 500 rallied 1.2% Thursday and recovered most of its drop from the prior day. The Dow Jones Industrial Average added 265 points, and the Nasdaq composite jumped 2.5%. Microsoft delivered bigger profit than expected, which helped offset Meta Platforms's drop after it raised its forecast for AI investments. Treasury yields slowed their big accelerations from the day before on worries about inflation. Oil prices eased.
NEW YORK (AP) — U.S. stocks are bouncing back Thursday after Microsoft leaped on hopes that its big spending on artificial-intelligence technology will be worth it, while computer-chip companies clawed back some of their big recent losses. The S&P 50... [1527 chars]