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Stock Market News Today: Dow Jones Notches 11th Straight Win

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The largest company by market cap reports its Q2 earnings in a week comprising of a Fed rate decision, services PMI and US non-farm payroll data. Volatility lift expected

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Transcripts for CNN Early Start With Christine Romans 20240604 09:53:00

at web push securities. so let s talk first, i guess, but the big tech earnings. better than expected. what is happening here? it is not roses and champagne, but this is much better than feared. really holding up in terms of tech, cloud, digital advertising, and this really is putting fuel in the tech rally. i think it is a green light from here in terms of tech stocks. nasdaq up 17%, so having a good year. we re talking about gdp of only 1.1%, signs of slowdowns elsewhere. but you re saying the companies have cut costs aggressively this quarter and they are looking ahead. perfect combo. they were spending money like 1980s rock stars and now cutting costs and growth is not just stabilized but an uptick. and i continue to think many investors are under investing in tech, it is a scarcity of growth and with the ai arms race, more and more tech betting on that. and let s talk about that

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