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US equities closed mostly higher on Wednesday, driven by strong tech earnings. The S&P 500 hit a record high for the fourth consecutive session, and the Nasdaq reached its highest level in over two years. Netflix shares surged 11% after reporting robust subscriber numbers and beating earnings estimates, marking a key point in the current earnings season. Mega-cap tech companies like Apple, Amazon, Alphabet, Meta Platforms, and Microsoft are all set to report over the next seven days, influencing the earnings outlook. In the Euro Area, the Stoxx 50 index surged over 2%, driven by strong earnings reports from major Eurozone companies such as ASML and SAP, despite preliminary PMI data indicating a slowdown in the Eurozone’s private sector activity.
Summary for 25.01.2024
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