US stocks opened with mixed results as Meta Platforms saw a significant rise, while Microsoft experienced a notable decline. Meta's stock surged approximately 10% following its impressive fourth-quarter results and optimistic guidance for the first quarter, alongside full-year capital expenditures that surpassed market expectations.
Conversely, Microsoft faced a steep drop of over 9%, marking its largest intraday decline since 2020. The downturn was driven by investor concerns over slowing growth in its cloud business and unprecedented capital expenditures. The broader market saw the Dow Jones Industrial Average increase by 0.14%, the S&P 500 rise by 0.18%, and the Nasdaq Composite decrease by 0.13%.
Meta Surges 10% While Microsoft Plummets Over 9% in Mixed US Stock Opening
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
