US stocks make solid gains despite bleak Microsoft outlook and hawkish Fed

U.S. stocks rose on Thursday, brushing aside Microsoft’s latest gloomy corporate earnings forecast as well as comments from Federal Reserve Vice Chairman Lael Brainard suggesting the central bank could continue aggressive rate hikes through september. The S&P 500 gained 1.8 on Thursday after a tough start to trading, while the tech-heavy Nasdaq Composite rose 2.7%. …

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