Tech Bulls Back in Driver Seat After Microsoft and Alphabet Blowouts
After a tense day of choppy trading on Wall Street, the Big Tech trade is back on in full force.
After a tense day of choppy trading on Wall Street, the Big Tech trade is back on in full force.
The Federal Reserve’s preferred gauge of underlying US inflation rose at a brisk pace in March, reinforcing concerns of persistent price pressures that are likely to delay any interest-rate cuts.
Brazil’s inflation cooled more than expected in early April, but fell short of soothing policymakers’ fears about lingering price pressures on Latin America’s largest economy.
Exxon Mobil Corp. and Chevron Corp. declined after disappointing first-quarter performances despite posting strong production gains in marquee oil projects in Guyana and the Permian Basin.
AbbVie Inc. lifted its full-year profit guidance as newer anti-inflammatory treatments like Rinvoq and Skyrizi take over for Humira, the blockbuster arthritis therapy that fueled the drugmaker’s growth for more than 15 years.
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