Tech Stocks Surge on Strong Earnings Report

Today, the US stock market witnesses an upsurge as major indices experience positive gains – with the S&P 500 Index up +0.62%, the Dow Jones Industrials Index up +0.21%, and the Nasdaq 100 Index up +1.14%. These increases mirror an optimistic atmosphere surrounding tech companies, primarily attributed to Amazon.com’s impressive earnings results, showcasing a significant growth of over +10%. Similarly, Western Digital’s Q1 net revenue surpassing consensus figures by more than +5% and Nvidia’s newfound partnerships further contribute to boosting market sentiment. On the economic front, the Oct MNI Chicago PMI rising above expectations supports the bullish trend. However, geopolitical…