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Fri, May 2, 2025

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Stocks close higher as tech giants report profits and expansion plans

^{Published on 2025-05-01 17:26:39 - Fortune}

Meta and Microsoft surprised to the upside on better-than-expected showing from AI the previous day.

On May 1, 2025, the stock market closed with significant gains, driven by robust tech sector earnings and ambitious expansion plans announced by major companies. The S&P 500 rose by 1.2%, the Dow Jones Industrial Average increased by 0.9%, and the Nasdaq surged by 1.8%. Key contributors to the market's performance included strong quarterly profits from leading tech firms like Apple, Microsoft, and Amazon, which not only exceeded expectations but also outlined aggressive growth strategies. These plans involve significant investments in artificial intelligence, cloud computing, and global market expansion, boosting investor confidence and fueling optimism about future economic growth.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/01/stock-market-close-sp500-dow-nasdaq-tech-profits-expansion-plans/ ]

N@N

Stocks close higher as tech giants report profits and expansion plans