Finance

Microsoft shares jumped more than 15%, adding roughly $450 billion to its market capitalization in the largest single-day dollar gain in Wall Street history. The massive rally came after the technology giant exceeded second-quarter projections and reported that Azure cloud revenues topped $100 billion for the first time.

Amazon shares climbed over 9% in extended trading on the back of better-than-expected revenue and positive cloud computing results. Conversely, Apple saw its stock dip 3% after-hours due to a service revenue shortfall, despite beating expectations on total revenue and seeing a 22% spike in iPhone sales.

Oil prices fell on Thursday as investors evaluated military strikes between the United States and Iran. Global benchmark Brent crude futures dropped nearly 2% to slide just under $89 a barrel, while U.S. West Texas Intermediate crude declined 1.1% to settle at $83.50 a barrel.