News Formal

Wall St gains as upbeat earnings offset economy worries

  • 📰 Reuters
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Wall Street's main indexes rose on Thursday as a slew of strong earnings updates from companies including Meta Platforms, Eli Lilly and Comcast outweighed data showing the U.S. economy slowed more than anticipated in the first quarter.

estimates for quarterly revenue and profit, thanks to sustained demand for its broadband services and higher theme park attendance.U.S. economic growth slowed more than expected in the first quarter as an acceleration in consumer spending was offset by businesses cutting back on inventory investment.

"If we're looking to the future, data does seem to be continuing to weaken. The good news is we do think a recession could be mild."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

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.

Microsoft said AI 50 times on its earnings call - Wall Street is thrilledMicrosoft mentioned artificial intelligence 50 times on its earnings call and Wall Street is thrilled
Source: BusinessInsider - 🏆 729. / 51 Read more »