From Yahoo Finance: 2025-05-02 16:57:00

Tech stocks had a strong week with the S&P 500’s tech sector index rising 1% on Friday, marking a nearly 4% weekly gain. Meta and Microsoft reported positive earnings, boosting their stocks by almost 9% and 10%, respectively. Amazon and Apple also beat estimates, but concerns about tariffs impacted their share prices. The Roundhill Magnificent Seven ETF increased by over 3%, and the S&P 500 rose 1.5% after Chinese officials showed interest in ending the trade war with the U.S. Nvidia is set to report its financial results on May 28.



Read more at Yahoo Finance: Strong Earnings Helped Tech Stocks Shake Off Tariff Worries to Log an Upbeat Week