Tech Giants Boost Markets as Earnings Surpass Expectations
TL;DR Summary
S&P 500 futures and Nasdaq 100 futures rose following strong earnings reports from Microsoft and Meta, with Microsoft joining the $4 trillion market cap club. The market experienced a slight decline after Fed Chair Jerome Powell signaled no immediate rate cuts, amid mixed views among Fed members. Investors are awaiting key inflation data and upcoming earnings reports, while geopolitical developments like a trade deal with South Korea also influenced market sentiment.
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