Stocks climbed overnight as investors added to bullish bets on tech ahead of earnings from several mega-cap tech companies, with key macro-economic events including Federal Reserve policy-setting meeting and monthly jobs report due later this week
Stocks fell away from record highs Friday, ending their five-day record run, though still ended the week in positive even as Intel’s slump left a dent in big tech.
Wrap of this weeks significant ASX listed company earnings
Wrap of the significant companies over US earnings season
US equities rallied as US Core PCE, the Feds preferred inflation measure fell, sparking further optimism from investors of a “Goldilocks” soft landing
The Dow snapped a 13-day win streak Thursday as rally in Meta was offset by weakness in financials and airline stocks amid underwhelming quarterly results and resilient US GDP in the face of an aggressive bout of Federal Reserve policy tightening.
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