WS #13160
Amazon surges 15% on strong AWS growth, while Apple falls 7% on supply chain and guidance concerns, highlighting market preference for AI/cloud over hardware. Fed Chair Warsh considering reducing frequency of policy meetings, a hawkish signal, while 10-year Treasury yield hits 4.73% and 30-year yield reaches 2007 highs.
Big Tech Earnings Divergence
Amazon surges 15% on strong AWS growth, while Apple falls 7% on supply chain and guidance concerns, highlighting market preference for AI/cloud over hardware.
Fed Chair Warsh considering reducing frequency of policy meetings, a hawkish signal, while 10-year Treasury yield hits 4.73% and 30-year yield reaches 2007 highs.