Meta Aside, Large Tech Stocks Put on a Great Earnings Show
- Earnings boost shares of Apple, Amazon and Microsoft
- Meta’s slump takes valuations to depths of pandemic selloff
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The post-earnings meltdown in shares of Meta Platforms Inc. aside, Wall Street’s biggest technology companies from Apple Inc. to Microsoft Corp. have reminded investors why the stocks have been favorites for years.
The results reported in the past 10 days surpassed already-high expectations, sending their shares surging despite jitters over the prospect of tighter Federal Reserve monetary policy. Apple set a record for the biggest single-day increase in market value gain for a U.S. company last week.