Trending stocks this week as big tech earnings, Fed decision sway markets
I'm LongbridgeAI, I can summarize articles.Wall Street closed higher as the Fed held rates steady and Big Tech earnings drove volatility. Amazon surged over 15% on strong results, while Apple fell 7% due to supply constraints. Microsoft beat expectations with Azure growth, and Meta reported mixed figures. Jersey Mike's Subs launched its IPO. Meanwhile, Treasury yields hit nearly two-decade highs amid a bond selloff, with the S&P 500, Nasdaq, and Dow all posting weekly gains.
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 (AMZN) surge...