Microsoft stocks gain more than 3%

Since Wednesday, January 27, Microsoft stocks have been extending gains significantly. The stocks have already gained 3.24%

It is likely that the advance occurred as the multinational technology company reported strong earnings on Tuesday, January 26. Microsoft revenue grew 17% on annual basis, up from 12% growth in the previous quarter.

Note that the company's results boosted optimism for other US technology companies, such as Apple and Facebook.