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.
- First Mover Asia: Cryptos Shrug Off Latest US Productivity, Jobs Data; Bitcoin Hovers at $22.9K
First Mover Asia: Cryptos Shrug Off Latest US Productivity, Jobs Data; Bitcoin Hovers at $22.9K
Written by Bankerage Published on January 27, 2023