Pre-Market Pulse 26th April – Google earnings save the day for equities and Mag7
Google saved the day in afterhours trade, rallying 13% as equities closed lower, but well off session lows
Google saved the day in afterhours trade, rallying 13% as equities closed lower, but well off session lows
Tech stocks led the market lower as the Federal Reserve’s chairman Jerome Powell said it was unlikely that the Fed would cut rates in March, dealing a blow to hopes for sooner rate cut that added fuel to the tech-led selloff.
Stocks were mixed leading into Mega Cap earnings from Microsoft and Google which were released after the bell as continued strength in the labour market relieved pressure on the Fed to bring forward rate cuts
Equities rebounded Monday, bracing for key inflation data ahead of Federal Reserve’s policy meeting, despite market fluctuations and inflation concerns.