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Wall Street opened higher on Friday, lifted by strong earnings from several tech companies. The upbeat results helped restore market sentiment after Thursday’s decline, when lackluster reports from Meta and Microsoft left investors disappointed. “Indeed, just as the tech mood had soured yesterday, this morning that has mostly turned around following results from Apple and Amazon after the closing bell,” Deutsche Bank’s Jim Reid said. “This renewed momentum has helped sentiment after a more challenging day yesterday, despite the positive outcomes from the U.S.-China trade discussions. Investor concerns over AI-related capital expenditure resurfaced…,” Reid added. On political news, the U.S. States reportedly cancelled a planned Budapest summit between President Donald Trump and Russian President Vladimir Putin following Russia’s firm stance on hardline demands regarding Ukraine.
Amid a U.S. government shutdown, investors will keep a close eye on economic reports that will be released next week; however, government numbers are in doubt as the shutdown continues. The economic reports that are expected to be announced next week include reports on S&P Global Manufacturing PMI and ISM Manufacturing Prices on Monday, Redbook, and Atlanta Fed GDP on Tuesday. Reports on MBA Mortgage Applications and S&P Global Composite PMI will be released on Wednesday, along with Natural Gas Storage, Challenger Job Cuts, and the Fed’s Balance Sheet on Thursday. Friday will see the release of reports on Michigan Consumer Sentiment, Consumer Credit, and Baker Hughes Rig Count.
Palantir (PLTR), AMD (AMD), Shopify (SHOP), Uber Technologies (UBER), Amgen (
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