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00:00Moving on, U.S. stocks rallied on Thursday with the Dow and S&P 500 posting their eighth straight session of gains after strong results from MegaCaps, Microsoft and Meta is concerned about artificial intelligence spending.
00:13Microsoft surged and hit its highest level since late January, driven by an upbeat quarterly growth forecast for its cloud computing business, Azure.
00:24Microsoft briefly surpassed Apple to become the world's most valuable company.
00:29Meta platforms rallied and reached a five-week high during the session after posting higher-than-aspected revenue on the back of a strong advertising performance.
00:38The results helped LA fears the massive spending on AI in recent years would not be rewarded and eased concerns that President Donald Trump's tariffs could dent economic growth.
00:48According to preliminary data, the S&P 500 gained 33.25 points or 0.60% to end at 5,602.31 points, while the Nasdaq Composite gained 254.04 points or 1.46% to close at 17,700.38.
01:09The Dow Jones Industrial Average rose 70.05 points or 0.17% to 40,739.41.