Shares of Microsoft and Facebook owner Meta Platforms jumped Wednesday after the companies separately delivered strong earnings reports despite concerns about the economy. Why it matters: Economic uncertainty stemming from President Trump's trade war is hovering over the stock market as investors look for signs of how increased tariffs are affecting businesses.

Facebook parent Meta and Microsoft will shed light on how two of the biggest players in AI are navigating the turbulent macroeconomic picture.

Wednesday closed up +0.15%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.35%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.13%. June E-mini S&P futures (ESM25) are up +0.19%, and June E-mini Nasdaq futures (NQM25) are up +0.