Rate-sensitive growth have led the selloff this year as investors adjust to tightening financial conditions with the U.S. Federal Reserve raising rates, , wall street, dow jones, nasdaq, S&P 500
Wall St edges higher on strong earnings from Microsoft, Visa streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
U.S. stocks looked to rebound from one biggest single-day declines of the past two years Wednesday, with investors hoping that stronger-than-expected tech earnings can boost sentiment amid the collective concerns over Fed rate hikes, China s Covid lockdown and Russia s war on Ukraine.
Microsoft Corp gained 4.3% on cloud computing-led strong revenue growth forecast, while payments network Visa Inc jumped 7.2% after it predicted revenue to exceed pre-pandemic levels.