Reported 24 days ago
US stock markets saw a recovery on Friday, with the Nasdaq and S&P 500 indexes rising by 0.8% and 0.4%, respectively, as Amazon's significant earnings report contributed to investor optimism. Despite a disappointing monthly jobs report that indicated only 12,000 jobs were added in October, leading to concerns about the economy, Amazon's strong performance, along with positive results from Intel, helped alleviate some of the negative sentiment in the tech sector. However, all three major indexes recorded losses for the week, and traders are anticipating a likely interest rate cut from the Federal Reserve at their upcoming meeting.
Source: YAHOO