"Stocks Rebound Ahead of Big Tech Earnings Bonanza"

1 min read
Source: Yahoo Finance
"Stocks Rebound Ahead of Big Tech Earnings Bonanza"
Photo: Yahoo Finance
TL;DR Summary

US stocks rebounded after the worst sell-off in months, with the S&P 500 and Dow Jones rising, and the Nasdaq leading gains ahead of Big Tech earnings. Fed Chair Jerome Powell hinted at unlikely rate cuts in March, while Apple, Amazon, and Meta reported strong earnings, with Meta's stock soaring after a $50 billion buyback announcement. The January jobs report is awaited, and mortgage rates fell, potentially sparking a housing rebound. Disney's Hulu will enforce password-sharing limitations, and the Atlanta Fed projects 4.2% Q1 growth. Amazon's stock rose ahead of earnings, while Peloton's stock sank 22% on weak guidance. Layoff announcements rose in January but were down from last year, and initial jobless claims saw a slight uptick.

Share this article

Reading Insights

Total Reads

0

Unique Readers

11

Time Saved

12 min

vs 13 min read

Condensed

95%

2,443118 words

Want the full story? Read the original article

Read on Yahoo Finance