“Drawdowns are still being bought back”: what investors expect from reports and big tech stocks
Reports of American companies so far exceed investors' expectations and pull stock indices out of the September decline. Next up is bigtech. Microsoft, Twitter and Alphabet are reporting today. Why is the market growing? On Tuesday, by 20:00 Moscow time, the S&P 500 index is growing by 0.2%, Nasdaq - by 0.3%. Today's market growth is supported by successful reports from United Parcel Service and General Electric, writes Bloomberg.