"Tech Earnings and Fed Rebound Drive Stock Market Recovery: Live Updates"

US stocks edged higher after a recent sell-off, with investors adjusting their expectations for Federal Reserve rate cuts and preparing for Big Tech earnings reports. The Fed signaled a delay in potential rate cuts, impacting market sentiment. Meanwhile, mortgage rates dropped, potentially sparking a rebound in the housing market. Big Tech companies like Amazon and Meta led the market rebound, while Peloton stock sank on weak guidance. Additionally, layoff announcements increased in January but remained near historic lows, with the labor market continuing to improve.