2025-03-12 03:36

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# Markets Soar on Strong Earnings as Investors Celebrate
**[New York = Jang Dosen]**
# Tech Giants Propel Gains
In a remarkable rebound, key indices soared on Friday as better-than-expected earnings reports from major technology companies lifted investor sentiment. The Nasdaq Composite surged 2.5%, its largest one-day gain in nearly six weeks, while the S&P 500 added 1.6%. The Dow Jones Industrial Average also climbed 1.4%, reversing losses from earlier in the week.
# Quarterly Results Exceed Expectations
Heavyweights such as Apple Inc. (AAPL), Amazon.com Inc. (AMZN), and Microsoft Corp. (MSFT) reported quarterly earnings that far exceeded Wall Street estimates, driving a broad-based rally across sectors. Apple’s robust iPhone sales and Amazon's strong cloud services revenues were particularly notable, outpacing analysts’ forecasts and dispelling concerns of a tech-sector slowdown.
# Energy Sector Joins the Rally
The energy sector also benefited from a spike in oil prices, with West Texas Intermediate crude advancing 4% to settle at $75.68 per barrel, its highest level in over three months. Chevron Corp. (CVX) and Exxon Mobil Corp. (XOM) rose 3.2% and 2.9%, respectively, buoyed by renewed optimism around global demand recovery.
# Federal Reserve Monitoring Inflation
Meanwhile, investors kept a close eye on Federal Reserve assessments, as officials reiterated their commitment to monitor inflation and adjust monetary policy accordingly. The latest data indicated a slight uptick in consumer prices, but Fed Chair Jerome Powell emphasized the central bank’s stance on gradual interest rate hikes to support sustained economic growth.
# Employment Data Released
Adding to the positive mood, the Labor Department reported an unexpected decrease in weekly jobless claims, suggesting further strengthening of the labor market. Initial claims fell to 340,000, the lowest level since March 2020, underscoring the resilience of the job market amid the ongoing economic recovery.
As the week ended, market participants remained cautiously optimistic, awaiting more data and corporate earnings reports to gauge the trajectory of the economic recovery.
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