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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, which drove market optimism.
- Amazon reported better-than-expected earnings, with a 9.6 percent increase in shares, supported by high demand for cloud services.
- Apple posted quarterly sales exceeding estimates, driven by revenue from iPhones and services.
- Investor sentiment was improved by positive trends in tech stocks and a detente in the US-China trade war.
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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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