US tech stocks rebound on strong earnings, lifting indices to positive close

Earnings Impact 4

โดย Dow Jones·Read original

Summary · why it matters

US stock indices closed higher overnight, with the Dow Jones rising 276.97 points to 52,485.03, the S&P 500 gaining 52.09 points to 7,489.72, and the Nasdaq advancing 251.68 points to 25,373.85. The gains were driven by strong earnings from major technology companies. Amazon shares surged over 15% after posting its fastest quarterly revenue growth in more than four years, while Microsoft's earlier results helped ease concerns about AI data center spending. However, Apple shares fell significantly after a disappointing business outlook. In European markets, the Stoxx 600 index closed down 0.76 points at 649.19, with tech stocks edging up just 0.3%, reflecting a mixed picture as Microsoft gained while Meta Platforms was pressured by selling. Asian markets opened mostly lower this morning, led by South Korea's drop of over 4% on profit-taking in technology and chip stocks. Samsung Electronics and SK Hynix both fell around 7%, while Hong Kong's Hang Seng bucked the trend to rise. The Thai stock market is expected to move sideways, supported by easing Middle East tensions and lower oil prices, though short-term technical signals warrant caution. A stock to watch is PTTEP after its second-quarter 2026 profit surged 104% above expectations to 27.2 billion baht, with sales hitting a new record of 572,882 barrels per day.