Stocks mixed, Microsoft cloud drives gains, Google slumps, Visa impresses, Meta earnings on deck - 5 Things To Know

Stocks mixed, Microsoft, Google, Visa, Meta earnings in focus

Oct 25, 2023 - 19:30
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Stocks mixed, Microsoft cloud drives gains, Google slumps, Visa impresses, Meta earnings on deck - 5 Things To Know

Five things you need to know before the market opens on Wednesday October 25:

1. -- Stock Market Today: Stocks mixed as Microsoft lifts Dow, Treasury yields mute gains

A mixed set of big tech earnings, alongside modestly higher Treasury yields, has stocks set for an uncertain open on Wednesday.

2. -- Microsoft earnings harness AI power as Azure cloud gains, outlook impress

Microsoft's first-mover advantage in AI looks to be paying dividends as cloud growth topped Street forecasts and powered the tech giant to better-than-expected first quarter earnings.

3. -- Google tumbles as cloud growth slows, offsetting solid ad, search gains

Google's cloud division saw muted third quarter growth and narrowing profit margins as Microsoft's rival Azure appeared to grab more market share.

4. -- Visa shares slide despite solid travel-lead earnings, dividend boost

Visa, the world's biggest credit card and payments company, said consumer spending continues to hold up well amid an ongoing boom in domestic and international travel.

5. -- Meta earnings on deck as Google, Snap see solid ad gains powered by AI targeting

Solid ad gains for Google and Snap suggest Meta could surprise to the upside in its third quarter earnings report, which is expected after the close of trading.

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