Investing.com-- U.S. stock index futures rose sharply in evening deals on Thursday, with gains heavily biased towards technology stocks following stronger-than-expected earnings from Microsoft and Alphabet.
While caution over U.S. inflation and interest rates remained in play, the positive earnings ramped up hopes that demand for artificial intelligence will keep supporting tech earnings in the coming quarter.Microsoft surges, Alphabet hits record high on strong Q1 earningsThe firm clocked stronger-than-expected first-quarter earnings on robust demand for its new AI offerings. Alphabet also declared its first ever dividend, of 20 cents per share.) added 2.
Other social media stocks also rose after the U.S. pushed forward a bill that gave video streaming app TikTok a year to either divest itself or leave U.S. markets.) slid 8% in aftermarket trade after the chipmaker clocked disappointing quarterly earnings and offered a middling forecast for the second quarter.
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