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BTCC / BTCC Square / Global Cryptocurrency /
Amazon and Apple Earnings Reports Drive Stock Market Gains

Amazon and Apple Earnings Reports Drive Stock Market Gains

Author:
Global Cryptocurrency
Published:
2025-05-02 13:36:02
7
2

U.S. stocks rallied as the Nasdaq climbed 1.52%, buoyed by strong earnings from tech giants Amazon and Apple. Amazon’s shares surged 3.13% following robust growth in its advertising segment, though tempered forward guidance capped further gains. Apple edged up 0.39% post-earnings but faced a 3.24% premarket drop amid tariff cost concerns.

The Chamber of Commerce issued warnings about proposed tariffs, citing potential damage to small businesses and the broader economy. Market Optimism persists despite these headwinds, with Magnificent Seven earnings reports easing near-term recession fears.

|Square

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