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Wall Street Humbled as Fast-Reversing Markets Confound the Pros [BNN Bloomberg (Canada)]
Last microsoft corporation earnings: 4/29 04:06 pm
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US:NASDAQ Investor Relations: microsoft.com/en-us/investor
“Stick to value stocks,” the Pacific Investment Management co-founder posted Thursday morning on X, formerly known as Twitter. “Avoid tech for now.” Just a day later, the tech-heavy Nasdaq Composite Index notched its best session since February after Microsoft Corp. and Alphabet Inc. showed the AI earnings bonanza still has juice. It's the latest gut-check for anyone trying to get a handle on the short-term moves of markets, just as new questions emerge about the viability of an economic soft landing. An ETF riding the momentum trade shot up 3.5% this week, after plunging 5.6% in the previous week. Macro signals continue to confound. Growth eased more than expected, a report showed Thursday, yet indicators of consumption and investment remain constructive. A day later strong personal-spending data was duly cheered by economic bulls, while raising the eyebrows of inflation hawks. Undeterred, money managers just pushed the S&P 500 more than 2.5% higher on the week as they conti
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