Big Tech earnings and Fed decision drive Wall Street higher this week

MacroEarnings
โดย Seeking Alpha·Read original
Summary · why it matters

Wall Street ended the week higher after the Federal Reserve kept interest rates unchanged for a fifth straight meeting, though three policymakers dissented in favor of a 25-basis-point hike. The busiest stretch of second-quarter earnings season also drove market moves, with several megacap technology companies reporting results. Amazon surged more than 15% after posting stronger-than-expected earnings, while Apple fell over 7% following its quarterly report. The bond selloff intensified, pushing Treasury yields sharply higher, with the benchmark 30-year U.S. Treasury yield climbing to its highest level in nearly two decades. For the week, the S&P 500 advanced 1.05%, the tech-heavy Nasdaq Composite climbed 1.59%, and the blue-chip Dow added 1.04%.

Impact on stocks 13

Artificial Intelligence± Mixed · 3 stocks
Apple Inc.
AAPL
▼ NegativeCapitalrelevance

Apple fell over 7% following its quarterly report, indicating disappointing earnings.

Amazon.com Inc
AMZN
▲ PositiveCapitalrelevance

Amazon surged more than 15% after posting stronger-than-expected earnings.

Semiconductors · 2 stocks
Spatial Computing / AR/VR · 1 stocks
Quantum Computing · 1 stocks
Communication Services · 1 stocks
Cloud & Digital Infrastructure · 1 stocks