Stocks rally on Wall Street as technology giants rebound

rose 4.7% in regular trading but slumped 10.5% in after-hours trading after the online retail giant reported its first quarterly loss since 2015. The company reported a decline in sales and a huge write-down of its investment in an electric vehicle startup.The latest round of corporate report cards is hitting the market as Wall Street tries to figure out how inflation is affecting businesses and consumer spending.

Supply chain issues have been crimping business operations in many industries throughout the recovery from the pandemic, andhas pushed energy and key food commodity prices higher. Strict COVID-19 lockdown measures in China have added to concerns about slowing growth.

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Stocks end mixed after another wobbly day on Wall StreetStocks on Wall Street managed only meager gains Wednesday, after a broad rally led by technology companies faded by late afternoon, leaving the market little changed a day after a big sell-off.
La source: latimes - 🏆 11. / 82 Lire la suite »

Shares continue to slump as fears about the economy and earnings grip Wall StreetThere is plenty of cause for alarm on Wall Street at a time when investors were already worried about sharply higher interest rates as the Federal Reserve fights inflation:
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