Stocks Climb Ahead of Big Tech Earnings; SoFi Shares Soar on First Profit
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Stocks rose Monday ahead of big tech earnings from Microsoft, Alphabet, Apple, Amazon, and Meta later this week. The Nasdaq gained 1.1%.
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The Federal Reserve's first interest rate decision of 2023 comes Wednesday. The December jobs report is due Friday.
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SoFi shares soared 19% to $9.09 Monday after the online bank posted its first-ever quarterly profit.
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Philips stock plunged over 5% after the company said it would stop selling sleep apnea devices in the U.S. due to potential hazards.
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A Hong Kong court ordered embattled property developer Evergrande liquidated after debt restructuring talks failed, sending shockwaves through Chinese markets.