Stock market today: Indexes jump to close best week since November as investors cheer tech earnings [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
PCE inflation index was hotter that expected, but markets appeared to look past the latest data. US stocks closed higher on Friday to end the best week since November, with tech rallying after earnings from mega-cap stalwarts. Major stock indexes sidestepped so-so inflation data earlier in the day. Personal consumption expenditures, the Federal Bank's preferred inflation gauge, rose by 2.8% in March, above expectations. Yet, the reading was still mostly in line, and didn't provide any additional surprises after Thursday's economic data similarly showed prices rising. Instead, traders focused mostly on earnings strength from Alphabet and Microsoft Following earnings, during which it announced its first-ever dividend, Google parent Alphabet soared more than 10% in Friday trading a record high, reaching a market value above $2 trillion Meanwhile, Microsoft also rose, with the tech giant reporting strong results on strength in its Azure cloud segment, The broader sector ralli
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- 4/16/24 - Beat
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Sec Filings
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