Microsoft Surges 16% as Chip Stocks and Yen Rally on Wall Street

On today's episode of Market Brief – After Hours, Microsoft's blowout Azure results sparked a 16% surge in its shares and helped power a full market rebound, with the Nasdaq snapping a six-day losing streak and semiconductors surging across the board. Not everyone in AI shared in the rally, as one major platform posted a steep drop on weak guidance. We also break down a severe reversal in USD/JPY, elevated Treasury yields, mixed GDP and inflation data out of the US and Europe, and a wave of after-hours earnings from Amazon, Apple, Reddit and the crypto miners. We cover EUR/USD, GBP/USD, AUD/USD and USD/JPY, plus gold, silver and oil's reaction to a major Middle East shipping development. Hosted on Acast. See acast.com/privacy for more information.