Stocks Edge Up as ‘Big-to-Small’ Rotation Pauses: Markets Wrap
- Tech earnings arrive with Nasdaq 100 on brink of correction
- Focus is on earnings from Microsoft, Apple, Amazon, Meta
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Stocks rose ahead of major central bank decisions, key economic data and earnings from four megacaps worth nearly $10 trillion.
Almost 300 shares in the S&P 500 gained. Following a rotation that drove the Nasdaq 100 to the brink of a correction, big tech climbed — while small caps slipped. Results from Microsoft Corp., Meta Platforms Inc., Apple Inc. and Amazon.com Inc. will be crucial after an underwhelming start of the megacap reporting season. Federal Reserve officials are on the verge of lowering rates within months, a move Jerome Powell may signal Wednesday.