US stocks rise as Microsoft jumps, Meta falls
US stocks rose early Thursday, recovering from the previous session's sell-off as investors weighed mixed economic data and contrasting earnings reactions at Microsoft and Meta.
About 15 minutes into trading, the Dow Jones Industrial Average was up 0.6% at 51,899.68. The S&P 500 gained 1.1% to 7,396.24, while the Nasdaq Composite rose 2.1% to 24,955.75.
Microsoft shares surged more than 14% after strong earnings. Meta fell nearly 10% amid questions over the cost of its artificial intelligence investments.
"Traders are still differentiating between companies," said FHN Financial's Chris Low. "It's a healthy sign because it means it's not just a pure momentum trade."
The gains followed Wednesday's retreat, when US Treasury yields rose after the Federal Reserve kept interest rates unchanged. Stocks had also been pressured by higher oil prices linked to escalations in the Middle East war.
US economic growth came in at 1.5% in the second quarter, below the 2.1% level in the previous quarter.
Update
About 15 minutes into trading, the Dow Jones Industrial Average was up 0.6% at 51,899.68, the S&P 500 was up 1.1% at 7,396.24 and the Nasdaq Composite was up 2.1% at 24,955.75.
Microsoft shares rose more than 14% in early trading, while Meta fell nearly 10%.
US economic growth was reported at 1.5% in the second quarter, down from 2.1% in the previous quarter.
FHN Financial's Chris Low said traders were differentiating between companies.
Source note: AFP news report published on 30 July 2026 at 13:57:52 UTC.
Update
Major US indices opened higher after Wednesday's sell-off.
Meta's fall came amid questions over the company's costly artificial intelligence investments.
Source note: AFP news report published on 30 July 2026 at 13:42:21 UTC.
Uncertainty notes
The supplied material does not identify the analysts behind the stated growth expectations, so that comparison is not included in the public story.
Source
AFP news report published on .