[NEW YORK] Wall Street stocks were mostly higher in early Wednesday trading following strong earnings from Amazon and Google and better-than-expected US hiring data.
Results from Amazon and Google parent Alphabet showed both tech giants continuing to prosper during the coronavirus pandemic. Amazon also announced that founder Jeff Bezos would step down as chief executive and hand the reins to Andy Jassy, who heads Amazon Web Services. Data from payroll firm ADP showed the United States added 174,000 jobs in January, more than triple analysts' expectations.
Analysts also cited clinical data showing the Oxford-AstraZeneca Covid-19 vaccine reduces virus transmission and is highly protective after a single dose.Stay updated with
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