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.