It was a wild week, with the bond market in the driver's seat. Rising yields early on gave way to some moderation, and the Nasdaq hit an all-time high on Friday. The Nasdaq did not finish above its July record-high close of 18,647 but ended less than a half-percent away. The tech-heavy index also eked out a gain for the week, extending its weekly winning streak to seven in a row.
Aside from the headline numbers, it's all about the Azure cloud revenue growth rate, and we'll listen for management to reiterate expectations for Azure growth to accelerate in the back of the fiscal year as more AI offerings come to market. The Street is looking for fiscal 2025 first-quarter Microsoft sales of $64.49 billion and EPS of $3.09. Starbucks : The results won't be the focus this time around, given that management already preannounced the quarter.