U.S. equity markets rallied on Friday, putting the S&P 500 and Nasdaq on track to close the week higher. Tech stocks bounced back after a Bloomberg report clarified OpenAI’s annualized revenue expectations. Palo Alto Networks gained more than 4.5% and CrowdStrike rose more than 3.5%, while TJX and Cardinal Health each posted weekly gains of more than 4%. Elon Musk’s SpaceX $8 billion spectrum purchase to expand Starlink’s mobile capabilities triggered a sector rout: T-Mobile fell 13%, Verizon and AT&T dropped roughly 10% each. Earnings season kicks off next week with Wells Fargo, Goldman Sachs and Johnson & Johnson reporting before Tuesday’s opening bell.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
