WS #13161
Amazon's strong earnings drove a rally, while Apple's guidance miss caused a sharp decline, highlighting divergent fortunes in tech. Fed Chair Warsh considering fewer policy meetings and Treasury yields at multi-year highs signal a hawkish Fed, pressuring growth stocks.
Big Tech Earnings Divergence
Amazon's strong earnings drove a rally, while Apple's guidance miss caused a sharp decline, highlighting divergent fortunes in tech.
Fed Chair Warsh considering fewer policy meetings and Treasury yields at multi-year highs signal a hawkish Fed, pressuring growth stocks.