Tech stocks fell after a cautious outlook from Microsoft. Microsoft earnings declined 11% to $4.39 billion on nearly flat revenue of $14.45 billion. Weak guidance for the current quarter dragged the stock lower 6%. However, American Express surged 4% after it reported 11% decline in revenue and earnings. Baidu.com revenue soars 108% from a year ago.
The number of active online marketing customers during the first quarter grew to approximately 161,000, an increase of 3.9% from the previous quarter.
Baidu stock (BIDU: chart) rose $16.64 to $357.81 at the opening.
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