Microsoft’s best day since 2008 leads U.S. stocks, while inflation worries remain in the bond market

All told, the S&P 500 rose 121.48 to 7,437.63. The Dow Jones Industrial Average climbed 613.92 to 52,208.06, and the Nasdaq composite leaped 679.24 to 25,122.18.

A monster day for Microsoft’s stock following signals that its big spending on AI is translating into profits led a powerful rebound on Wall Street Thursday, while computer-chip companies regained some of their sharp recent losses. In the bond market, though, worries remain about inflation potentially remaining high fo

Azure crossed $100 billion in revenue for the first time and a new disclosure about OpenAI offered some respite.