Search This Blog
money saving tips for canadians, best saving tips for canadians of all ages. MoneySavings and Canadian news, financial news
Featured
- Get link
- X
- Other Apps
Market Rebound Expected as Amazon’s Earnings Boost Investor Sentiment
The stock market is showing signs of recovery today, with futures on the Nasdaq 100 and S&P 500 rising by 0.5% and 0.4%, respectively. This positive movement comes after a challenging period marked by significant losses following earnings reports from major tech companies like Meta and Microsoft.
Amazon’s strong earnings report has been a key driver of this rebound. The company’s shares surged over 6% in premarket trading after CEO Andy Jassy highlighted impressive growth in their cloud unit’s AI business. Intel also contributed to the positive sentiment with an earnings beat and optimistic outlook, further boosting investor confidence.
However, the market’s trajectory could be influenced by the upcoming jobs report, which is expected to show a slowdown in nonfarm payroll growth. This report is crucial as it will provide insights into the labor market and potentially impact Federal Reserve policy decisions.
In addition to the tech sector’s performance, other factors such as rising oil prices and geopolitical tensions in the Middle East are also playing a role in shaping market dynamics.
Investors will be closely watching the jobs report and other economic indicators to gauge the market’s direction in the coming days.
Popular Posts
Cash vs. Card: Making Smart Payment Choices
- Get link
- X
- Other Apps
Bank of Canada’s Interest Rate Decision: What to Expect and What It Means for Canadians
- Get link
- X
- Other Apps
Comments
Post a Comment