US Stocks Rebound On Tech Earnings, London Hits New Record
by International Business Times UK
International Business Times UK— Buoyant big tech earnings lifted US stocks on Friday while London scaled another peak as investors tracked a series of takeover bids for UK companies.The tech heavy Nasdaq led the way on Wall Street, adding more than two percent as traders shrugged off official data showing that a key measure of inflation favored by the US Federal Reserve had accelerated in March.The broader-based S&P added 1.0 percent while the Dow was 0.4 percent in the green as major European indices also rose.The markets had...
@cityam—FTSE 100 today: London markets set to open higher on the heels of strong US tech earnings. Asian stocks rallied alongside a strong tech sector fuelled by impressive US earnings. Bank of Japan maintained its short-term interest rate target at 0-0.1 per cent. Oil prices climbed, while Microsoft and Alphabet shares surged post-earnings beats. Investors await US inflation data and focus on ExxonMobil and NatWest earnings.
New York Post—Apple stock rallies after record-setting $110B stock buyback, largest in US history. Shares of Apple climbed 6% Friday after the iPhone maker announced a record-setting buyback program on the heels of second-quarter earnings topped Wall Street’s estimates. Apple announced Thursday that its board authorized $110 billion in share repurchases, a 22% increase over last year’s $90 billion authorization, Bloomberg earlier reported. The move marks the largest buyback
Yahoo Finance—Carvana stock skyrockets on record Q1 earnings. Carvana Co. (CVNA) experienced a surge in its stock price during Thursday's trading session, fueled by the company's record-setting first quarter results. The online used car retailer reported $49 million in net income, a turnaround from the $286 million loss it posted in the same period last year. Yahoo Finance's Akiko Fujita and Brad Smith break down the details For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written...