Stock futures moved sharply higher Thursday morning as investors reacted to strong results and big AI spending plans from major technology companies.

U.S. stocks advance, boosted by strong earnings from Meta and Microsoft. But Apple and Amazon slip after the bell on quarterly report.

At the close, the S&P 500 was up 0.6% at 5,604 and the Dow was 0.2% higher at 40,752 – their eighth straight day of gains. CFRA Research analyst Angelo Zino (Buy) says that even with these plans for higher spending,