⚠️BREAKING: *U.S. STOCKS RALLY ON FRIDAY TO CAP WINNING WEEK AS AMAZON SINKS AND FIRST REPUBLIC COLLAPSES $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Yet Amazon.com Inc fell despite better-than-expected quarterly results, as it signaled its cloud computing business growth would slow further. Its performance weighed on the consumer discretionary index.
He suggested investors may still be cautious ahead of Apple Inc 's results due next week and the Federal Open Market Committee meeting and the U.S. jobs report for April. Data showed U.S. consumer spending unchanged in March, while underlying inflation pressures remained strong, feeding expectations the Fed will hike interest rates by 25 basis points next week.
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