Trending stocks this week as big tech earnings, Fed decision sway markets
Complete. Here is the key summaryWall 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...