"Market Rebounds: Tech Earnings and Bank Gains in Focus"
TL;DR Summary
US stocks edged higher after a recent sell-off, with investors adjusting their expectations for Federal Reserve rate cuts and anticipating Big Tech earnings reports. Fed Chair Jerome Powell hinted at a delay in rate cuts, leading to a market rebound. Amazon and Meta led the rebound, with Apple also set to report earnings. Peloton stock sank 22% on weak guidance, while job cuts increased in January but remained near historic lows.
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