The stock market rallied today, driven by robust quarterly earnings from major tech firms, particularly Meta and Microsoft. The S&P 500 is experiencing its eighth consecutive gain, marking a significant turnaround as the focus shifts from economic weakness and tariffs to positive earnings. The technology sector is leading the charge with a 3% gain, while other sectors like healthcare struggle. However, upcoming employment data may impact market sentiment amidst an apparent economic slowdown, as evidenced by higher jobless claims.
Today's tech earnings reports overshadow tariffs and weak economic data, propelling the S&P 500 to its eighth consecutive day of gains.
Big players like Meta and Microsoft are outperforming expectations in Q1 earnings, fueling the market's shift towards a bullish reaction despite tariff risks.
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