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.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.