The S&P 500 and Nasdaq are up on a strong earnings report from Apple — and more in Friday’s stock market recap.
Shares of the consumer tech favorite trended higher in premarket trading as Apple beat Wall Street estimates for both quarterly earnings and revenue.
CEO Tim Cook expects strong revenue growth for the current quarter, but cautioned about slowdowns in certain areas of the company’s business, namely the growth in its services.
Meanwhile, Amazon missed on earnings-per-share estimates but beat on revenue. Amazon’s executives also said inflation didn’t appear to be hitting the company’s customers as hard as it hit those of other retailers.
In this morning’s stock market recap video, I’ll reveal a full review of the major events this week and what to expect next week… what earnings and key technical levels are pointing to… key levels for tech, and where we’re going next… which sectors are set to bounce higher and which are set to decline… plus an update on volatility and key price points to watch now.
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