Stocks rebounded as tech earnings spawned a rally in markets despite growing concerns that the Fed will hold interest rates higher for longer. The Nasdaq Composite ( ^IXIC ) rose more than 4% last week, while the S&P 500 ( ^GSPC ) popped almost 3%. Meanwhile, the Dow Jones Industrial Average ( ^DJI ) rose less than 1%. In the week ahead, a Fed meeting, the April jobs report, and earnings from Big Tech stalwarts Apple ( AAPL ) and Amazon ( AMZN ) will test the recent optimism in markets. Updates on job openings, activity in the services and manufacturing sectors, and consumer confidence are also on the calendar.
Yahoo! News
Yahoo! News