Wall St gains as upbeat earnings offset economy worries

📆 27/04/2023 19:50:00
📰 Reuters

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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."

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