Reported 25 days ago
US stock markets ended the week on a positive note, with the Nasdaq rising 0.8% and the S&P 500 up 0.4%, driven by Amazon's impressive earnings report and optimism surrounding a potential Federal Reserve rate cut. Despite the rebound, all major indices recorded weekly losses, primarily due to a disappointing jobs report that revealed only 12,000 new positions in October. The Fed's anticipated interest rate reduction at its upcoming meeting may have influenced investor sentiment, while Amazon's growth in its cloud AI business helped alleviate concerns over Big Tech's spending.
Source: YAHOO