As Amazon earnings keep tech rally alive, how long can it last?
unknown📝 Article Content
US stocks (^DJI, ^IXIC, ^GSPC) closed Friday's session in positive territory to end the trading week with gains across all three of the major averages, led by the Nasdaq Composite's 2.2% weekly surge that was buoyed by Amazon's (AMZN) post-earnings rally. This week on Wall Street was also marked by the earnings releases from Amazon, Alphabet (GOOG, GOOGL), Meta Platforms (META), Microsoft (MSFT), and Apple (AAPL), and the Federal Reserve's decision to cut interest rates. ProShares Global Investment Strategist Simeon Hyman comes on Market Domination Overtime to talk about how Wall Street received this week's Big Tech earnings and what other sectors may be well-positioned to play catch-up to the Magnificent Seven. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.
📄 Summary
US stocks (^DJI, ^IXIC, ^GSPC) closed Friday's session in positive territory to end the trading week with gains across all three of the major averages, led by the Nasdaq Composite's 2.2% weekly surge that was buoyed by Amazon's (AMZN) post-earnings rally. This week on Wall Street was also marked by the earnings releases from Amazon, Alphabet (GOOG, GOOGL), Meta Platforms (META), Microsoft (MSFT), and Apple (AAPL), and the Federal Reserve's decision to cut interest rates. ProShares Global Investment Strategist Simeon Hyman comes on Market Domination Overtime to talk about how Wall Street received this week's Big Tech earnings and what other sectors may be well-positioned to play catch-up to the Magnificent Seven. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.