Stocks rose Tuesday, led by tech. AI fears loom as Meta, Microsoft report earnings. Tesla faces policy risks. Fed decision, major earnings, and government cuts ahead.

Good morning. Meta and Tesla shares gain on solid earnings news. The European Central Bank is widely expected to cut rates again. And increasing thefts in Britain are costing retailers billions of pounds.

Results for the US tech giants were mixed, as Tesla and Microsoft fell short of market expectations in the growth of their core businesses, while Meta Platforms exceeded analysts' estimates across all metrics,

In extended trading, shares of Meta Platforms and Tesla gained nearly 2% and 5%, respectively, while Microsoft shares dipped 4% after the companies reported earnings. Both Meta and Microsoft beat on the top and bottom lines, but Tesla missed expectations.

Tesla’s core business underperformed in Q4, missing analyst expectations for both earnings and revenue. Microsoft’s Q2 results were strong but fell short of expectations for

Wall Street got a hard slap after the bell on Jan. 29 when Tesla, Meta, and Microsoft dropped their earnings reports, each showing numbers that didn’t hit the targets analysts had set. Investors saw their hopes crash as three of the biggest tech giants struggled on multiple fronts—electric vehicles,