S&P, Nasdaq slip from record levels as earnings season gains speed | Malay Mail

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NEW YORK, Jan 27 ― The S&P and Nasdaq slipped yesterday from record closing levels as investors digested a batch of corporate earnings results, while an expected policy announcement from the Federal Reserve today helped to limit moves. 3M Co climbed 3.26 per cent as one of the biggest boosts...

Wednesday, 27 Jan 2021 07:34 AM MYT

Johnson & Johnson also provided a strong lift, up 2.71 per cent as the drugmaker said it expected to report eagerly awaited Covid-19 vaccine data early next week. “It is still somewhat the early days but we are getting into the heart of it here,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

After the closing bell, Microsoft shares rose 5.20 per cent as the tech giant beat Wall Street estimates for revenue growth in its Azure cloud comuting business as it benefits from a global shift to home learning and working.

 

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