Quartz·2 min read·medium
The AI trade split Big Tech in half as Microsoft jumped 9% and Meta fell 9%
✦AI Summary
The stock market experienced a divergence in Big Tech performance, with Microsoft shares rising 9% while Meta shares dropped 9%. Investors are reacting to Federal Reserve interest rate decisions and shifting Treasury yields.
Futures pointed higher Thursday as investors also weighed the Fed's decision to hold rates and rising Treasury yields
businesseconomytechnology
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