Wall Street climbs as Big Tech recovers following recent drop
==========
U.S. stocks closed higher on Wall Street, with the S&P 500 rising 1.1% and breaking a three-day losing streak. The gains were led by Big Tech stocks, including Nvidia, Alphabet, and Tesla, which regained some of their losses from the previous week. Treasury yields mostly climbed in the bond market after President Biden announced he won't run for reelection. The 10-year Treasury yield rose to 4.26%. Reports on corporate profits and the U.S. economy's growth are expected to continue grabbing the market's attention. Truist Financial and Verizon Communications reported their latest quarterly results, with Truist Financial reporting stronger-than-expected net interest income and Verizon reporting profit that matched expectations but slightly lower revenue. Dozens of other big U.S. companies, including Coca-Cola, Ford, and American Airlines, will report their latest quarterly results this week. In stock markets abroad, indexes rose across much of Europe, while Hong Kong's Hang Seng rose 1.3% and stocks fell 0.6% in Shanghai after China's central bank unexpectedly lowered a benchmark interest rate for loans.
#WallStreet #BigTech #S&p500 #Nvidia #Alphabet #Tesla #TreasuryYields #CorporateProfits #TruistFinancial #VerizonCommunications #China
https://www.latimes.com/business/story/2024-07-22/stock-market-today-wall-street-climbs-as-big-tech-recovers-following-worst-week-in-months
Los Angeles Times /
npub1ka…ct50x
2024-07-22 22:17:46
Author Public Key
npub1kat3x50s05kl9v0lqxq5qsl0znf0eu2rwyeq4xyplj80ga740k9q9ct50xPublished at
2024-07-22 22:17:46Event JSON
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"content": "Wall Street climbs as Big Tech recovers following recent drop\n==========\n\nU.S. stocks closed higher on Wall Street, with the S\u0026P 500 rising 1.1% and breaking a three-day losing streak. The gains were led by Big Tech stocks, including Nvidia, Alphabet, and Tesla, which regained some of their losses from the previous week. Treasury yields mostly climbed in the bond market after President Biden announced he won't run for reelection. The 10-year Treasury yield rose to 4.26%. Reports on corporate profits and the U.S. economy's growth are expected to continue grabbing the market's attention. Truist Financial and Verizon Communications reported their latest quarterly results, with Truist Financial reporting stronger-than-expected net interest income and Verizon reporting profit that matched expectations but slightly lower revenue. Dozens of other big U.S. companies, including Coca-Cola, Ford, and American Airlines, will report their latest quarterly results this week. In stock markets abroad, indexes rose across much of Europe, while Hong Kong's Hang Seng rose 1.3% and stocks fell 0.6% in Shanghai after China's central bank unexpectedly lowered a benchmark interest rate for loans.\n\n#WallStreet #BigTech #S\u0026p500 #Nvidia #Alphabet #Tesla #TreasuryYields #CorporateProfits #TruistFinancial #VerizonCommunications #China\n\nhttps://www.latimes.com/business/story/2024-07-22/stock-market-today-wall-street-climbs-as-big-tech-recovers-following-worst-week-in-months",
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