A Deutsche Bank strategist pointed out that Microsoft's strong earnings report triggered a rebound in global technology stocks and boosted the Nasdaq index and semiconductor stocks. This wave of gains helped the S&P 500 record its best single-day performance in seven weeks. Despite weak market breadth, Amazon's strong cloud business growth offset Apple's disappointing performance outlook. Another major event was that the Korea Composite Stock Price Index surged 16.4% after technology stocks rebounded, and the Nikkei Index also rose more than 4%. Previously, Microsoft surged 15.51% after announcing results the evening before, making it the best single-day performance since 2008. It also marks the biggest single-day increase in the market value of any company in history. As a reference, this increase exceeds the total market value of any European company other than Asmack.

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