Equity markets continued their uneven climb upward this year with the tech-heavy Nasdaq and the S&P 500, which has a hefty technology component, jumping 1.8% and 1.1%, respectively, even as fourth quarter earnings continued to tilt negative and a rising number of firms announced layoffs in anticipation of an economic contraction. Since the start of the year, Amazon, Microsoft, Salesforce and more recently IBM have announced job cuts.
Related posts
-
Bitcoin Retail Investors Are Dumping Amid Jump To $67,000, Why This Is Good For Price
The Bitcoin price recovery above the $67,000 level has triggered a round of selling, but it... -
Cardano Founder Predicts Crypto As Election Game-Changer
The US crypto industry is engaged in an intense battle against the White House, with tensions... -
Hamster Wheel: Telegram’s Social Gaming Brings Millions to Crypto
Telegram’s Hamster Kombat game has amassed 8 million users in four weeks. It shows how gaming...