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Wall Street ends higher supported by Microsoft

The S&P 500 ended higher on Wednesday (April 27), following a steep drop the day before, with strong revenue forecasts from Microsoft and Visa helping to alleviate worries about slowing global economic growth and rising interest rates.

Microsoft Corp rallied after the software heavyweight late on Tuesday gave a strong revenue forecast, while payments network Visa Inc jumped after it predicted revenue above pre-pandemic levels.

The S&P 500 gained 8.76 points, or 0.21%, to end at 4,183.96 points, while the Nasdaq Composite lost 1.81 points, or 0.01%, to 12,488.93.

The Dow Jones Industrial Average rose 61.75 points, or 0.19%, to 33,301.93.

(Production: Kyoko Gasha)

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