Wall Street gains ground as investors process corporate results

Economies.com
1 week ago

US stock indices gained ground on Monday as investors continue to analyse incoming corporate quarterly results. 

 

Both Microsoft and Tesla will announce their quarterly results later this week for the last three months of 2022. 

 

As recession concerns spread, major tech companies like Google, Microsoft, Meta, Twitter, and Amazon announced a big wave of layoff to cut costs. 

 

Dow Jones rose 0.6%, or 202 points to 33,577 as of 15:43 GMT, while S&P 500 climbed 0.85%, or 33 points to 4006, as NASDAQ added 1.3%, or 150 points to 11,290. 

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