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Tech Earnings Propel Stock Market Rebound Amid Economic Concerns
Tech Earnings Propel Stock Market Rebound Amid Economic Concerns
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Wall Street’s major indices surged this week as robust earnings from Microsoft and Meta alleviated fears of an economic slowdown. Nasdaq futures led gains with a 1.4% jump, while the S&P 500 and Dow rose 1% and 0.6% respectively. The rally temporarily offset market anxieties fueled by geopolitical trade uncertainties.
Microsoft’s cloud and AI divisions delivered standout performance, demonstrating the company’s continued dominance in enterprise technology. Meta overcame challenges—including regulatory pressure and China-linked ad revenue exposure—to exceed earnings expectations and project confidence for Q2. Both tech giants are leveraging AI advancements to maintain market leadership.
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