Midday Movers: Microsoft, Alphabet, PayPal and More

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Midday Movers: Microsoft, Alphabet, PayPal and More
Credit: © Reuters.

By Liz Moyer

Investing.com -- U.S. stocks rose on Wednesday ahead of the Federal Reserve's interest rate decision. Here are the midday movers for July 27:

  • Microsoft Corporation (NASDAQ: MSFT ) stock rose 5% after the software giant said it expects to report double-digit sales growth for the year despite missing on sales and earnings estimates for the recent quarter .

  • Alphabet (NASDAQ: GOOGL ) (NASDAQ: GOOG ) shares rose 7% after advertising sales beat expectations, especially in light of economic trends and ad sales reported by other social media companies.
  • PayPal Holdings Inc (NASDAQ: PYPL ) shares rose 11% after a report that the activist fund Elliott Investment Management was taking a stake in the digital payments firm.
  • T-Mobile US Inc (NASDAQ: TMUS ) shares rose 4% after wireless subscriber growth beat expectations.
  • Meta Platforms Inc (NASDAQ: META ) shares rose 5% ahead of its earnings report later on Wednesday. Analysts expect the social media platform to report EPS of $2.56 on revenue of $28.9 billion.

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