U.S. stock indexes advanced on Friday after strong earnings updates from Exxon and Intel offset worries over Amazon's slowdown warning, while economic data reinforced expectations that the Federal Reserve would hike interest rates next week.
As recently as February, generative AI did not feature prominently in EU lawmakers' plans for regulating generative artificial intelligence (AI) technologies such as ChatGPT.
U.S. stock indexes advanced on Friday after strong earnings updates from Exxon and Intel offset worries over Amazon's slowdown warning, while economic data reinforced expectations that the Federal Reserve would hike interest rates next week.
U.S. stock indexes rose steadily on Friday after strong earnings updates from Exxon and Intel offset worries over Amazon's slowdown warning, while economic data reinforced expectations that the Federal Reserve would hike interest rates next week.
What happened
Amazon (NASDAQ: AMZN) reported first-quarter results Thursday night and the stock is now dropping in response. After dipping by as much as 5% in morning trading, Amazon stock was still lower by 3.4% as of 2 p.m. ET.
Tech stocks were higher Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.6% and the Philadelphia Semiconductor index advancing 1.2%.
Earnings season has delivered plenty of surprises so far, with Consumer Staples titans utilizing their pricing power and big tech injecting positive sentiment into the market.
This week, the VettaFi Voices gather around the water cooler and talk smart beta and equal weight ETFs. With the Invesco S&P 500® Equal Weight ETF (RSP) recently seeing its 20th birthday, how can investors use smart beta ETFs to their advantage? What is their outlook for the rest of the year, and what types [...]
Read more at ETFtrends.com.
U.S. stock indexes gained on Friday after strong earnings updates from Exxon and Intel dwarfed worries over Amazon's slowdown warning, while economic data bolstered expectations that the Federal Reserve would hike interest rates next week.
The ChatGPT chatbot was reactivated in Italy after its maker OpenAI addressed issues raised by Italy's data protection authority, the agency and the company confirmed on Friday.
Britain's Competition and Markets Authority (CMA) on Wednesday blocked Microsoft's $69 billion acquisition of 'Call of Duty' maker Activision Blizzard over concerns it would hinder cloud gaming.
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U.S. stock indexes edged higher on Friday after strong earnings updates from Exxon and Intel mitigated the impact of Amazon's slowdown warning, while economic data bolstered expectations that the Federal Reserve would hike interest rates next week.
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Amazon.com Inc shares fell nearly 5% on Friday after the company warned its lucrative cloud services business slowed further in April, fuelling concerns that the long-time growth driver was struggling with a pullback in technology spending.
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