Mixed Fortunes For Tech Giants, Powell Signals No March Interest Rate Cut, Spectacular January Jobs Report: This Week In The Markets
Wall Street witnessed a stark contrast in tech earnings this week, as Alphabet Inc. (NASDAQ:GOOGL), Advanced Micro Devices Inc. (NASDAQ:AMD) and Apple Inc. (NASDAQ:AAPL) fell slightly short of expectations, while Meta Platforms Inc. (NASDAQ:META) and Amazon.com Inc. (NASDAQ:AMZN) outperformed, delivering results that exceeded forecasts and offering optimistic outlooks.
At the Federal Reserve’s first meeting of the year, interest rates remained unchanged as anticipated, with Fed Chair Jerome Powell dismissing the possibility of a rate reduction in March.
The U.S. economy experienced a robust surge in job growth during January, surpassing predictions.
AI Giants Mixed
Investor confidence in the potential of artificial intelligence suffered a setback in the wake of earnings reports from Microsoft Corp. (NYSE:
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