Wall Street climbs as markets assess corporate results

Economies.com
1 week ago

US stock indices rose on Friday as markets focus on latest corporate quarterly results. 

 

Netflix reported its quarterly results yesterday, while Alphabet announced plans to lay off thousands of employees to cut costs. 

 

Experts believe such decisions by major tech companies like Google, Meta, Twitter, and Microsoft to lay off thousands of workers reflect concerns about a potential recession.

 

Dow Jones rose 0.1%, or 40 points to 33,083 as of 15:41 GMT, while S&P 500 rose 0.5%, or 20 points to 3,919, as NASDAQ climbed 1%, or 110 points to 10,962. 

American Markets News