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Michael Nagle | Bloomberg | Getty Images
Merchants work under screens displaying 3M Co.'s signage on the floor of the New York Stock Exchange (NYSE) in New York.
Facebook shares grew more than 8% after the first quarter figures showing promising growth in stories and ads.
"We believe investors will continue to feel comfortable with the additional financial risk created by content and privacy concerns," wrote a note from Michael Morris, an analyst at Guggenheim Partners. "The company is proactively and definitively attacking these issues while developing core monetization and new initiatives."
The analyst also raised his price target on Facebook, which rose from $ 200 to $ 220 per share.
Microsoft, meanwhile, climbed more than 4%, its better-than-expected earnings being driven by a 41% increase in its commercial cloud business figure. This growth was led by Azure, whose sales soared by 73%.
According to FactSet, more than 170 S & P 500 companies have released quarterly results to date. Of these companies, 78% performed better than expected. "The company is proactively and definitively attacking these issues while developing core monetization and new initiatives.
"As the results season approaches mid-term, the news has been good enough for the bulls to stay true to their positions and there have been few examples of really disturbing news," said Michael Shaoul. President and Chief Executive Officer of Marketfield Asset Management, in a note. "The worst we can say is that investors sometimes rely more on hope than normal, especially in the key semiconductor sector where a strong rebound in the second half has been taken into account. by many issuers, but this seems unlikely in the short term. "
Wall Street closed Wednesday's session down, with mixed results. Earlier this week, the S & P 500 recorded an all-time record high and remains half a percent lower than its day's record.
– Silvia Amaro of CNBC contributed to this report.
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