Positive.

From Barchart: 2024-08-01 09:30:02

– U.S. Stock Market hits record highs with the S&P 500 reaching 4,100 for the first time, fueled by positive economic outlook and strong earnings reports. The Dow Jones and Nasdaq also saw gains, with technology and financial sectors leading the way.

– China’s GDP growth exceeds expectations, rising 18.3% in the first quarter of 2021 compared to the same period last year. This surge in economic activity was driven by strong industrial output and consumer spending, signaling a faster-than-expected recovery from the pandemic.

– Tesla reports record-breaking profits in the first quarter, with a net income of $438 million, up from $16 million a year ago. The electric vehicle company also delivered a record number of vehicles, surpassing expectations and solidifying its position as a leader in the industry.

– Amazon’s first-quarter revenue surpasses $100 billion for the first time, reaching $108.5 billion, an increase of 44% compared to the same period last year. The e-commerce giant’s strong performance was driven by a surge in online shopping and cloud computing demand during the pandemic.

– Facebook’s revenue jumps 48% in the first quarter to $26.2 billion, beating analysts’ expectations. The social media giant also reported an increase in daily active users to 1.88 billion, highlighting its resilience and continued growth despite facing regulatory challenges and privacy concerns.



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