Stock Market Gains on Strong Earnings and Tame Inflation

1 min read
Source: Investor's Business Daily
Stock Market Gains on Strong Earnings and Tame Inflation
Photo: Investor's Business Daily
TL;DR Summary

The stock market experienced mixed movements with key benchmarks initially rising but then fading as Wall Street digested cooler-than-expected inflation data. Notably, chip equipment firm ASML plummeted over 10% despite solid earnings, while stocks like Nvidia, Palantir, and Tesla showed gains. Major tech giants Apple, Amazon, and Microsoft also moved, and bond yields and oil prices declined. Overall, the market remains volatile amid economic data and earnings reports.

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