Microsoft powers Dow, S&P to fresh records

Microsoft surged 6.9 percent to $56.75, providing the biggest boost to the three major indexes, after its results handily beat expectations on strong cloud growth. Also pushing up technology stocks was Cisco , up 2.2 percent at $30.56. Morgan Stanley was up 2.2 percent at $28.83 after its profit topped analysts' estimates, rounding off upbeat results from the six biggest Wall Street banks.