NEW YORK: The S&P 500 and the Nasdaq rose on Thursday following strong quarterly reports from several technology companies, including Microsoft Corp, but dour results from 3M Co stymied the Dow Jones Industrial Average.
Microsoft shares gained 2.0% as the tech giant's outlook for cloud computing services surpassed analysts' expectations, while shares of PayPal Holdings Inc rose 8.6% on the payments company's strong full-year earnings forecast. Microsoft and PayPal were the top boosts to the S&P 500 and the Nasdaq.
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