US stocks rose on Wednesday, helped by strong gains for Microsoft, as a bullish forecast from the tech group lifted sentiment following sharp drops on Wall Street in the previous session. The S&P 500 added 0.9 per cent in choppy trading and the technology-heavy Nasdaq Composite was up 0.7 per cent by lunchtime in New York, after declines of 2.8 per cent and almost 4 per cent respectively on Tuesday. Google parent Alphabet reported a $1.5bn drop in quarterly profits following the closing bell on Tuesday, citing a slowdown in European advertising spending at its YouTube division, driven by Russia’s invasion of Ukraine. Read More...
US stocks rose on Wednesday, helped by strong gains for Microsoft, as a bullish forecast from the tech group lifted sentiment following sharp drops on Wall Street in the previous session. The S&P 500 added 0.9 per cent in choppy trading and the technology-heavy Nasdaq Composite was up 0.7 per cent by lunchtime in New York, after declines of 2.8 per cent and almost 4 per cent respectively on Tuesday. Google parent Alphabet reported a $1.5bn drop in quarterly profits following the closing bell on Tuesday, citing a slowdown in European advertising spending at its YouTube division, driven by Russia’s invasion of Ukraine.
