Author - Craig Foley

Meta drives Nasdaq higher: After hours earnings reports mixed

03 Feb 2023 - The S&P 500 rose to its highest level in five months on Thursday as better-than-expected Meta results further improved sentiment around technology shares, which led the market lower last year. The broader market index jumped 1.47% or its best level since August. Meanwhile, the tech-heavy Nasdaq Composite advanced 3.25% or its highest level since September. The gains come ahead of a trio of Big Tech results after the bell in Apple, Amazon and Alphabet.

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Tech earnings drive markets higher: Meta announces US$40b buy back

02 Feb 2023 - Stocks increased on Wednesday due to a change in focus from the quarter-point interest rate hike by the Federal Reserve to comments from Fed Chairman Jerome Powell acknowledging the decrease in inflation. Stock benchmarks were also boosted by strong fourth-quarter corporate earnings, with companies like Peloton and Advanced Micro Devices reporting positive result.

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