Nasdaq Surges Over 1%; Microsoft Posts Upbeat Earnings

Benzinga
2025.07.31 14:12
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U.S. stocks rose, with the Nasdaq Composite up over 1% as Microsoft reported strong fourth-quarter earnings, beating revenue expectations at $76.44 billion. The Dow increased by 0.24%, and the S&P 500 gained 0.76%. Notable stock movements included Soligenix surging 73% and Pulmonx dropping 37%. In commodities, oil fell 0.8%, while gold rose slightly. European markets were mixed, and Asian markets mostly declined. Economic indicators showed a 0.3% rise in personal spending and jobless claims increased to 218,000.