Microsoft, Meta stun with stellar profit results
Jul 31, 2025•8 min•Ep. 97
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Episode description
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
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