Big tech, oil extend Wall Street’s mid-summer rebound

Published by
Reuters

By Lawrence Delevingne (Reuters) -U.S. stocks extended their mid-summer rebound https://www.reuters.com/markets/europe/nasdaq-futures-surge-apple-amazon-hold-out-against-weak-consumer-spending-2022-07-29 on Friday, with the dollar and some longer-term Treasury yields dipping, as Wall Street cheered positive corporate news in spite of increased labor costs and other indicators of continued inflation. Positive forecasts from Apple Inc and Amazon.com Inc showed resilience in giant companies to survive an economic downturn, while energy giants Exxon Mobil and Chevron Corp posted record revenue on …

Read More

Leave a Reply