Stocks making the biggest moves midday: Microsoft, Alphabet, Waste Management and more

Check out the companies making headlines in midday trading. Microsoft — Shares jumped 2.5% as investors cheered the Xbox maker's fiscal first-quarter results released Tuesday. Microsoft posted almost 13% year-over-year revenue growth, and its Azure cloud segment saw revenue gain 29% for the quarter. The Windows software maker also posted a rise in profit due to slower operating expense growth.

Gap — The apparel retailer popped more than 5% midday. Wells Fargo upgraded Gap to overweight, saying the stock is near an inflection point as it improves costs. Boeing — Shares of the passenger plane maker rose about 1% after a mixed earnings report. The company reported a quarterly revenue beat, but a wider-than-expected loss.

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