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Wall Street Stocks Rebound on Amazon, Apple Earnings
- Wall Street stocks rebounded on Friday as investors welcomed strong earnings reports from Amazon and Apple, leading to a positive market response.
- Amazon shares increased by more than 11 percent after reporting better-than-expected earnings, driven by a surge in demand for cloud computing services.
- In contrast, European and Asian stock markets mostly fell following a week of fluctuating trading influenced by company earnings and central bank decisions.
- The rebound in Wall Street stocks occurred amid a tentative US-China trade truce agreement and was focused on major tech companies' earnings.
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44 Articles
44 Articles
Stock market close in the US: Amazon secured Friday's gain - sixth consecutive month of growthSolid financial statements from both Apple and Amazon, which were particularly positive, created optimism in the US stock market on Friday
Amazon’s rebound, which rises by more than 10% after beating records in its cloud business, spreads enthusiasm to Wall Street and global investors. However, the Federal Reserve’s comments moderate optimism: the dollar is strengthened and expectations of further cuts of types fade.
Coverage Details
Total News Sources44
Leaning Left3Leaning Right8Center10Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
14%
C 48%
R 38%
Factuality
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