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
-
Robinhood’s Crypto Revenue Surges 232% Despite Looming SEC Battle
Retail trading platform Robinhood has announced that its crypto... -
Crypto Analyst Says Ethereum Price Will Drop To $2,500, Here’s Why
The Ethereum price has been closing mirroring the performance of Bitcoin recently and since the Bitcoin... -
Top analyst eyes new crypto, hinting a possible end to Binance Coin and Dogecoin reign
Disclosure: This article does not represent investment advice. The content and materials featured on this page...