US stocks lifted by tech earnings, economic data | Malay Mail

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NEW YORK, April 29 — Wall Street stocks rose early today following blowout earnings from Apple and Facebook and economic reports showing strong US growth and lower jobless claims. The two Silicon Valley giants reported profits that essentially doubled, with Apple earning more than US$23.6 billion...

A trader works on the floor of the New York Stock Exchange in New York March 9, 2020. — Reuters picNEW YORK, April 29 — Wall Street stocks rose early today following blowout earnings from Apple and Facebook and economic reports showing strong US growth and lower jobless claims.

The results — which extend a trend of outperformance by tech giants in the pandemic — lifted Apple shares by 0.8 per cent and Facebook by 6.0 per cent The Dow Jones Industrial Average climbed 0.4 per cent to 33,960.78, while the broad-based S&P 500 advanced 0.7 per cent to 4,213.46.

 

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