"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."
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.
Read at 24/7 Wall St.
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