Wall Street closes green as GDP data eases recession worries

Quick Summary:

Fourth-quarter earnings season has hit full stride, with more than one fourth of the companies in the S&P 500 having reported.

And despite forecasts of strong demand for air travel in 2023, the broader S&P 1500 Airlines index dropped 0.9%.

Shares of Intel Corp dropped as much as 6% in extended trading after the company posted revenue below Street expectations.

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Article Details

Category: InvestingFinance

Markets: MalaysiaChina

Topics: Demand Data Earnings Quarter Wednesday Fourth Shares Nasdaq Major Economic

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-26 @ 22:37:59 (2 months ago)

News Timezone: GMT +8:00

News Source URL: news.google.com

Language: English

Article Length: 687 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Edge Markets

News ID: 4842093

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Main Topics: InvestingFinance

Official Website: theedgemarkets.com

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Headquarters: Malaysia

News Last Updated: 9 hours ago

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