Microsoft jumped 15% after reporting quarterly revenue of $90.01 billion, topping estimates of $87.62 billion. Azure growth reached 43% at constant currency, above the expected 40.2%. Meta Platforms tumbled more than 9% after missing earnings per share estimates by $1.04, and forecast third-quarter revenue between $61 billion and $64 billion. MarketAxess climbed 30% following its acquisition by Intercontinental Exchange for $167 per share, or more than $5 billion, representing a premium of nearly 33%.
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