US markets responded positively to copper tariffs taking effect tomorrow, but investors were disappointed the US central bank lowered rate-cut expectations. After market, Meta and Microsoft smashed expectations in their quarterly reports. Big revenue and profit gains saw Meta climb 11.5% in post-market trade. While a lower-than-expected inflation read boosted the ASX yesterday, Rio's poor result weighed on the market.

Stocks mentioned include BHP, Microsoft, Meta Platforms, ResMed, Rio Tinto