US stocks: Nasdaq outperforms as investors cheer Microsoft

The Nasdaq closed higher due to strong Microsoft results. However, the S&P 500 and Dow fell due to concerns about the US economy and banking sector. Microsoft’s positive quarterly earnings and sales of artificial intelligence products rallied shares in companies such as cloud computing rival Inc, Datadog, and data cloud giant Snowflake Inc.

Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News