Stocks Rise as Tech Boost, Carney-Xi Meeting Lift Sentiment

Big-tech winning streak eyes history books amid blowout earnings

A rally in megacap high-fliers shows no signs of stopping as blowout earnings readouts defied warnings of a tech bubble.

How some of the world's biggest tech companies stacked up during earnings season

ANGELA WEISS / AFP via Getty ImagesThis post originally appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.Happy Halloween! Keep an eye out for AI-inspired costumes tonight. (Just good luck trying to automate trick-or-treating!)In case you missed it, I had a fantastic discussion with Eugene Kim and Aki Ito yesterday about the Amazon layoffs and its wider impact across corporate America.…

Stocks rise as tech boost, Carney-Xi meeting lift sentiment

Amazon surges after earnings

Apple, Amazon’s Upbeat Earnings Send US Futures Higher

Good morning. Apple and Amazon report upbeat earnings. UK shoppers’ frustration with chatbots may be costing retailers billions. And the Nvidia CEO’s viral meal in Seoul heats up fried chicken shares. Listen to the day’s top stories.

Tech Titans Turbocharge Stock Rally – Amazon & Apple Light Up Wall Street

Amazon’s Blowout Quarter Fuels Rally Amazon smashed expectations in its third-quarter report, igniting a relief rally. The e-commerce and cloud giant posted $180.2 billion in revenue (+13% YoY) and earnings of $1.95/share (vs $1.58 expected) ts2.tech. Crucially, Amazon Web Services (AWS), its cloud division, saw growth re-accelerate to +20% YoY – the fastest since 2022 – calming fears of a cloud slowdown ts2.tech ts2.tech. “AWS is growing at a p…

Big Earnings from Big Tech Boost Stocks

Peak week for US big cap earnings wraps up today on a positive note. Last night, Apple ($1.85 vs Street $1.78, up 2.2% premarket), Amazon.com ($1.95 vs Street $1.57, up 13.1% premarket) and MasterCard ($4.38 vs Street $4.32) all beat expectations, as have Exxon Mobil ($1.88 vs Street $1.82), Chevron ($1.85 vs Street $1.71) and Abbvie ($1.86 vs Street $1.77) this morning. Propelled by the bullish reaction to these results, equities have been clim…