Fueled by strong quarterly growth in its Azure cloud-computing business, Microsoft's shares jumped 4.2% to end at a record $323.17, elevating the software maker's market capitalization to $2.426 trillion, just short of Apple's $2.461 trillion valuation, according to Refinitiv data. Apple's shares dipped 0.3% ahead of its report due after the bell on Thursday, with investors focused on how the global supply-chain crisis is challenging the company's ability to meet demand for its iPhones. Microsoft's stock has rallied 45% this year, with pandemic-induced demand for its cloud-based services driving sales.
Stock futures opened slightly higher Wednesday evening after a mixed day in markets, with the major equity indexes pulling back from record levels. Traders looked ahead to more earnings and economic reports on Thursday.
In this article, we will take a look at the 10 stocks making noise after releasing their earnings reports. You can skip our detailed analysis of these companies, and go directly to the 5 Stocks Making Noise After Releasing Their Earnings Reports. Some of the most valuable U.S. stocks, including Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc. […]