Blowout Microsoft results lift US stocks as oil retreats

A trader works on the floor of the New York Stock Exchange, Thursday, Jul 30, 2026, in New York. (Photo: AP/Yuki Iwamura) 31 Jul 2026 05:19AM NEW YORK: Wall Street stocks rebounded Thursday (Jul 30) as blowout Microsoft results and moderating oil prices blunted worries about higher US Treasury yields.Shares of Microsoft surged more than 15 per cent following strong results driven by its cloud and artificial intelligence divisions. That helped lift all three major US indices, led by the Nasdaq, which piled on 2.8 per cent."A good deal of enthusiasm for Microsoft and tech is helping the tape," said Art Hogan of B. Riley Wealth Management.Analysts pointed to a pullback in oil prices as supportive of equities as traders greeted comments from Pakistan insisting that negotiations between Iran an