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[Markets]
US STOCKS-Nasdaq, S&P 500 rise on upbeat forecasts from Apple, Amazon
The Nasdaq and the S&P 500 indexes rose on Friday and were on track for their biggest monthly gain in nearly 20 months, after upbeat earnings updates from Apple and Amazon and on hopes of a less aggressive monetary policy. Mega-cap companies have largely fared better this reporting season and are predicting less impact from the current economic turmoil, allaying investor fears that a potential recession could dent their earnings power.
Published:7/29/2022 12:49:06 PM
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