Microsoft and Meta Platforms led a surge on Wall Street Thursday after reporting profits that surpassed analysts’ expectations. The strong earnings from these tech giants bolstered investor confidence and lifted the stock market.

The Trump administration has announced that certain electronics will be excluded from reciprocal tariffs, marking a significant shift in trade policy that could impact the technology sector.

Following losses on Monday, U.S. tech futures are edging higher, signaling a possible rebound in the sector. This shift may indicate changing investor sentiment within the tech industry.

In a day marked by stark contrasts, the stock market witnessed stability in technology giants like Microsoft and Nvidia, while consumer defensive stocks such as Walmart and Procter & Gamble faced significant declines. Investor sentiment turned cautious amid concerns over consumer spending cuts, highlighting the need for strategic portfolio adjustments.