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Stock markets rally on tech bounce, earnings hope

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Equities piled higher on Wednesday following a surge on Wall Street, as investors grow hopeful in the ongoing earnings season.

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After a hefty drop Monday, all three main indexes on Wall Street posted solid gains Tuesday as companies' earnings soothed concerns about the impact on their bottom lines from soaring inflation and rising interest rates. "That doesn't mean we won't see more downside for some stock markets around the world, especially given that earnings expectations are likely to be adjusted downward. But I believe we are far closer to the bottom than the top."

 

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