Wall St climbs as strong earnings offset slowdown worries, Fed meeting in focus By Reuters

Yet Amazon.com Inc fell despite better-than-expected quarterly results, as it signaled its cloud computing business growth would slow further. Its performance weighed on the consumer discretionary index.

He suggested investors may still be cautious ahead of Apple Inc 's results due next week and the Federal Open Market Committee meeting and the U.S. jobs report for April. Data showed U.S. consumer spending unchanged in March, while underlying inflation pressures remained strong, feeding expectations the Fed will hike interest rates by 25 basis points next week.

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Wall St climbs as strong earnings offset slowdown worries, Fed meeting in focusU.S. stock indexes advanced on Friday after strong earnings updates from Exxon and Intel offset worries over Amazon's slowdown warning, while economic data reinforced expectations that the Federal Reserve would hike interest rates next week.
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