Asian Equities Echo US Declines as Tech Stocks Hit: Markets Wrap
Stocks rose ahead of Friday’s key US jobs data, at the end of a volatile week in which mixed earnings from tech megacaps had the market on the defensive. Oil gained amid renewed tension in the Middle East.
Amazon.com Inc. and Intel Corp. shares jumped in premarket trading on optimistic earnings results, while Apple Inc. declined after reporting softer demand in China. Futures on the S&P 500 edged higher, with the benchmark on track for its worst weekly performance in more than a year amid unease over the outlook for artificial intelligence and cloud computing following results from Microsoft Corp. and Meta Platforms Inc.
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