According to ME News, on July 31 (UTC+8), Deutsche Bank strategists noted that Microsoft’s (MSFT.O) strong earnings report triggered a global rebound in technology stocks, driving gains in the Nasdaq Index and semiconductor shares. This rally helped the S&P 500 post its best single-day performance in seven weeks, despite weak market breadth, while Amazon’s (AMZN.O) robust cloud growth offset Apple’s (AAPL.O) disappointing earnings outlook. Another major development was the Korean Composite Stock Price Index surging 16.4% following the tech rebound, with the Nikkei Index also rising over 4%. Earlier, Microsoft jumped 15.51% after reporting earnings the previous evening—the largest single-day gain since 2008—marking the largest single-day market capitalization increase ever recorded by any company (+$450 billion). For context, this increase exceeds the total market value of any European company except ASML. (Jinshi) (Source: ODAILY)
Microsoft's earnings fuel global market rally, outpacing European firms in market cap growth
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Summary
A global market rally followed Microsoft’s strong earnings report on July 31 (UTC+8), boosting tech stocks and the Nasdaq. The S&P 500 posted its best day in seven weeks, as Amazon’s cloud growth offset Apple’s weak guidance. South Korea’s index surged 16.4%, and the Nikkei rose over 4%. Microsoft’s shares jumped 15.51%, adding $450 billion to its market cap—the largest single-day gain in history. The performance outpaced all European companies except ASML, signaling a bullish outlook for technology-driven sectors.
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