US: Wall Street rebounds as market eyes tech results, strong economic data

Tech companies have seen demand surge for their products and services from people stuck at home during the pandemic.

Alphabet reported revenue rose to US$46.17 billion from US$40.5 billion a year earlier as the company returned to sales growth in the third quarter as businesses initially hobbled by Covid resumed advertising.The NYSE FANG+TM Index closed 3.85 per cent higher.Sentiment also got a boost from data showing the US economy grew at a record pace in the third quarter after the government poured out more than US$3 trillion of pandemic aid.

Democratic challenger Joe Biden holds a comfortable lead over President Donald Trump in national polls, but the race in battleground states that will likely decide the election are tighter than the national surveys.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street rebounds as market eyes tech results, strong US dataThe rebound came after a more than 3% slide a day earlier in the main indexes.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Asia: Stocks fall again after lockdowns spark Wall Street, Europe rout[HONG KONG] Asian markets sank on Thursday after a meltdown in New York and Europe sparked by France reimposing a nationwide lockdown to battle a new wave of virus infections, with fears other major economies could follow suit. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Wall Street futures higher after steep selloff with eyes on Big Tech earningsU.S. stock index futures rose on Thursday following the S&P 500's worst day in nearly five months as focus shifted to Big Tech earnings, but ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »