Microsoft, Meta stun with stellar profit results
US markets responded positively to copper tariffs taking effect tomorrow, but investors were disappointed the US central bank lowered rate-cut expectations. After market, Meta and Microsoft smashed expectations in their quarterly reports. Big revenue and profit gains saw Meta climb 11.5% in post-market trade. While a lower-than-expected inflation read boosted the ASX yesterday, Rio's poor result weighed on the market. Stocks mentioned include BHP, Microsoft, Meta Platforms, ResMed, Rio Tinto
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.