On Friday, US stocks rebounded, buoyed by strong earnings reports from Alphabet (
GOOG) and Microsoft (
MSFT), reigniting optimism for a sustained rally led by Big Tech. This resurgence occurred despite a Federal Reserve inflation gauge indicating persistent price pressures.
The S&P 500 index (
SP500.IDX) climbed 1%, while the Nasdaq Composite (
COMP.IDX), heavily weighted with tech stocks, surged 2%. The Dow Jones Industrial Average (
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