Friday was yet another example of stocks shrugging off great earnings results as the tech heavy Nasdaq was flat despite earnings beats from Amazon and Microsoft. Even though there are some rational explanations for why stocks aren’t moving after great results, namely rising interest rates, it’s still amazing to see it in action because it is so unprecedented.
I’m afraid to wonder what will happen to the market if Apple reports bad results, which I think is possible.Stocks Flat Despite Great Earnings From Amazon & Microsoft
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