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Stock Bulls Look to Earnings With Fed in a Corner: Markets Wrap

(Bloomberg) — Stocks rose as a solid earnings season propped up the market despite bets the Federal Reserve will keep interest rates higher for longer. After pulling back for the most part in April, equities staged a rebound toward the end of the month. Early results from the reporting season suggest that over 80% of…
United States New York United Kingdom Alexandra Semenova Morgan Stanley Michael Wilson Solita Marcelli

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Stock Rally Stalls as Bond Yields Rise Before GDP: Markets Wrap

(Bloomberg) — Big tech sold off in late hours after Meta Platforms Inc.โ€™s disappointing outlook raised concern on whether the industry that has powered the bull market in equities has run too far. A $250 billion exchange-traded fund tracking the Nasdaq 100 (ticker: QQQ) got hit after the close of regular trading as the Facebook…
United Kingdom United States New York Elon Musk Alexandra Semenova Dave Calhoun

Tech Giants Hit in Late Hours After Meta's Outlook: Markets Wrap

(Bloomberg) — Big tech sold off in late hours after Meta Platforms Inc.โ€™s disappointing outlook raised concern on whether the industry that has powered the bull market in equities has run too far. A $250 billion exchange-traded fund tracking the Nasdaq 100 (ticker: QQQ) got hit after the close of regular trading as the Facebook…
United States United Kingdom New York Elon Musk Dave Calhoun Hargreaves Lansdown

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