Posted 2/2/2024, 8:47:43 PM
Big Tech Earnings Lift Stocks While Jobs Report Stokes Inflation Fears
- Big Tech stocks like Meta and Amazon push major indexes like S&P 500 and Nasdaq to record highs
- Strong January jobs report suggests hotter economy and inflation, worrying investors
- Higher yields in bond market show investors betting on delayed Fed rate cuts to cool economy
- Meta and Amazon stock jump over 20% and 8% on stronger than expected earnings reports
- Chinese stocks fall to cap worst week in 5 years on worries about struggling economy and real estate