SA analyst: earnings strength helps stocks look past Hormuz

U.S. stocks rebounded on Thursday as investors shrugged off fresh Strait of Hormuz blockade worries and rotated into names reporting stronger earnings. Early-session selling, including a noted dip in Microsoft, gave way to buying that lifted major averages, supported by broad earnings beats and upbeat guidance in several companies. Market action suggested risk sentiment remained constructive, allowing equity indexes (represented here by the US SP 500) to recover losses and extend gains despite geopolitical concerns.