Finance

Major tech stalwarts reported contrasting outcomes from their heavy artificial intelligence investments. Microsoft shares skyrocketed over 15% after its Azure cloud business topped a major revenue milestone and signaled strong AI profitability. Conversely, Meta Platforms fell roughly 8% due to lower-than-expected revenue guidance and a significant plunge in free cash flow, intensifying investor anxieties about the returns on massive infrastructure outlays.

International oil futures eased slightly following a brief pause in military strikes between the United States and Iran. Global benchmark Brent crude declined around 1.9% to settle below $89 a barrel, while West Texas Intermediate fell 1% toward $83.50. Despite the slight relief, regional supply logistics remain highly vulnerable, and ongoing maritime friction in the Red Sea continues to cap deeper losses.

Digital assets experienced modest gains following the Federal Reserve's decision to hold interest rates steady. Bitcoin reclaimed the $64,000 baseline after finding support near recent lows, though general institutional momentum remained constrained due to low overall volume. Meanwhile, crypto platform Coinbase highlighted a difficult trading landscape, reporting its third consecutive quarterly loss amid muted spot activity.