Business Maverick: Stocks Surge Higher as Nasdaq 100 Rally Tops 2%: Markets Wrap

The S&P 500 climbed, jumping more than 1.5% with all 11 industry groups rising. The broad rally was mirrored in the tech-heavy Nasdaq 100, up more than 2%, as megacaps Apple Inc. and Alphabet Inc. bounced back from Monday’s losses ahead of Netflix Inc.’s earnings due later today. Johnson & Johnson gained even as it lowered its earnings and revenue forecast for the year.

On the earnings front, Hasbro Inc., the largest US toy company, gained after earnings beat analyst estimates, while Lockheed Martin Corp. slipped after the defense contractor cut its forecast. International Business Machines Corp. also fell as the tech company lowered its forecasts for free cash flow.the European Central Bank may consider raising interest rates on Thursday by double the quarter-point outlined previously to counter worsening inflation.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

2022 U.S.-Africa Business Summit is Coming to Marrakech, MoroccoThe U.S.-Africa Business Summit is the first major in-person U.S.-Africa conference that meets the pent-up demand for countries and companies to re-engage and collaborate since the start of the COVID-19 pandemic. CCA has an exciting line-up of high level and panel discussions, networking opportunities, and activities that will allow attendees to meet face-to face to engage on key U.S.-Africa economic issues and re-establish important business contacts that were not possible over the past 2 years. Find out more.
Source: allafrica - 🏆 1. / 99 Read more »

MARKET WRAP: JSE follows global peers higher as positive US corporate earnings lift sentimentThis week the focus will be on the response from central banks to high inflation and concerns about slowing growth
Source: BDliveSA - 🏆 12. / 63 Read more »