Microsoft (MSFT) was up 4.9%. The company late Tuesday reported fiscal Q2 EPS of $2.48, up from $2.03 a year ago and ahead of the $2.32 Capital IQ-polled estimate. Revenue rose to $51.73 billion from $43.08 billion. Wall Street was looking for $50.79 billion.
Meanwhile, in the UK, the technology giant will make changes to its Xbox online service after the country's Competition and Markets Authority raised concerns about the company's use of auto-renewing subscriptions for online gaming services.
GameStop (GME) climbed 5.3% and AMC Entertainment (AMC) rose 3%.
Tesla (TSLA) advanced 3.9%. The electric automaker will be releasing its Q4 2021 results after markets close on Wednesday. CEO Elon Musk tweeted that he has been driving a prototype of the company's Cybertruck electric pickup truck around Tesla's Austin, Texas, factory.
Apple (AAPL) was marginally up ahead of an announcement of its financial results on Thursday. Investors are particularly interested in the company's iPhone sales in December.
Robinhood Markets (HOOD) was flat, Palantir Technologies (PLTR) rose 0.9%. Palantir named Philippe Mathieu as the head of the company's Europe, Middle East and Africa region.
Boeing (BA), meanwhile, was off 4.4% after its Q4 results missed Wall Street estimates as the aircraft-maker booked a $3.5 billion charge due to the 787 Dreamliner program's production issues, while commercial airplane deliveries surged amid the ongoing market recovery.
WeWork (WE) lost 3.2%. The company is buying Common Desk, a provider of coworking spaces, for an undisclosed sum.
Netflix (NFLX) slipped 1.9%.
Price: 297.68, Change: +9.19, Percent Change: +3.19
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