U.S. stocks advance, boosted by strong earnings from Meta and Microsoft. But Apple and Amazon slip after the bell on quarterly report.

Microsoft — Stock in the technology behemoth climbed more than 6% on the heels of better-than-expected third-quarter results on the top and bottom lines. Microsoft earned $3.46 per share on revenue of $70.07 billion, while analysts polled by LSEG were looking for a profit of $3.22 per share and $68.42 billion in revenue.