(Bloomberg) The rally in big tech extended into late hours after bullish outlooks from two of the megacaps that have powered the stock surge from the bottom: Meta Platforms Inc. and Amazon.com Inc. Their gains outweighed a slide in Apple Inc. Most Read from BloombergDonald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin DossierA $560 Billion Property Warning Hits Banks From NY to TokyoApple’s China Slump Deepens Even as Total Sales Grow AgainQQQ Up in Late Trading as Meta Soars, Apple
Today s gains come on the back of buying in strong index heavyweights, a rise in Asian peers, as well as hopes of a US Fed rate cut and a populist budget due later this week. The BSE Sensex soared 896 points to 71,637.61 while the Nifty50 jumped 291 points to 21,429.60.
Stock Market Bears May Finally Be On The Right Side Of The Narrative (SPX) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.