Microsoft CorporationMicrosoft's outstanding earnings forecast drove shares up over 15%, adding $450B in market value.

All three major US stock indices closed sharply higher, with the Dow jumping 613 points, supported by chip stocks and Microsoft, which soared more than 15% after releasing an outstanding earnings forecast that eased concerns about massive spending on AI investments. The S&P 500 rose 1.66% and the Nasdaq surged 2.78%, while Microsoft's market value increased by 450 billion dollars in a single day, the largest one-day gain on record on Wall Street. European stocks also closed higher, buoyed by strong earnings from cyclical sectors such as financials and industrials, as investors continued to assess the potential impact of tensions in the Middle East and uncertainty over the direction of US interest rates.
Microsoft CorporationMicrosoft's outstanding earnings forecast drove shares up over 15%, adding $450B in market value.