Top Stock Movers: Microsoft Meta Platforms Roblox and More

Key Takeaways

• U.S. stocks jumped in the midday session, as tech stocks rallied after strong earnings reports from Microsoft.
• Roblox beat its profit and sales expectations and raised its guidance for a rise in bookings and active users.
• Becton-Dickinson cut its outlook after warning of the potential impact Trump administration tariffs.

U.S. equity prices were higher at noon, driven by strong earnings reports from tech companies. The Nasdaq was up nearly 2%, while the S&P 500 added about 1% and the Dow Jones Industrial Average also was higher.

Microsoft (MSFT), a software giant, reported better-than expected results due to soaring demand for cloud computing.

Meta Platform (META), parent company of Facebook, Instagram and other social media sites, increased its shares after it beat profit and sales expectations on higher ad revenue and announced an increase in spending on artificial intelligent (AI).

Roblox shares (RBLX), a social media and online gaming platform, rose after it exceeded forecasts. It also raised its outlook regarding growth in bookings.

Becton Dickinson’s (BDX) stock dropped after the medical device manufacturer cut its guidance due to the potential impact of tariffs.

Eli Lilly’s (LLY) outlook for higher research and Development costs has also been reduced.

Church & Dwight (CHD) shares dropped after the household products maker missed sales estimates and lowered its outlook on weaker consumer demand and reduced inventory levels at retailers.

Oil futures are rising. Gold prices fell. The yield on 10-year Treasury notes rose. The U.S. Dollar gained against the euro, pound and yen. Most major cryptocurrencies rose in price.