Wall St climbs as strong earnings offset Amazon slowdown worries By Reuters

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*U.S. STOCKS RISE IN FINAL SESSION OF APRIL DESPITE ONGOING BANK WOES *DOW ON TRACK FOR BIGGEST MONTHLY GAIN SINCE JANUARY $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸

Analysts expect first-quarter earnings for S&P 500 companies to now fall 1.9% year-over-year compared with a 5.1% fall expected at the start of April, according to latest Refinitiv data.

Data showed U.S. consumer spending was unchanged in March, while underlying inflation pressures remained strong, keeping the Fed on course to hike interest rates by 25 basis points next week, a move largely priced in by investors. "These numbers needed to come in quite soft for the Fed to potentially shift to pausing next week ... we can pretty much pencil in 25-basis-point rate hike next week," Mayfield added.

Consumer spending data comes close on the heels of numbers that showed U.S. economic growth slowed more than expected in the first quarter, while plunging consumer confidence in April heightened the risk of the economy falling into a recession this year. Meanwhile, the U.S. central bank issued a detailed and scathing assessment of its failure to identify problems and push for fixes at Silicon Valley Bank before the U.S. lender's collapse, and promised tougher supervision and stricter rules for banks.At 12:08 a.m. ET, the

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