Wall Street Inches Higher as Growth Stocks Rebound
Posted: Mon May 02, 2022 5:34 pm
U.S. stocks edged higher on Monday as growth stocks rebounded after April’s rout, with investor focus squarely on the Federal Reserve meeting this week where policymakers are widely expected to raise interest rates. Facebook-parent Meta Platforms climbed 4.1 percent after falling 9.8 percent last month, while Microsoft, Tesla, and Nvidia rose about 2 percent after sharp declines in April. Amazon.com, however, slid 2.3 percent, adding to a 14 percent drop on Friday after a gloomy quarterly report. Apple dipped 1.7 percent as the iPhone maker faced a possible hefty fine after EU antitrust regulators charged it with restricting rivals’ access to its technology used for mobile wallets. ...
Source: https://www.theepochtimes.com/wall-stre ... 40383.html
Source: https://www.theepochtimes.com/wall-stre ... 40383.html