Wall Street closes higher boosted by tech stocks gains on upbeat earnings
Published by
Reuters
Reuters
By Echo Wang (Reuters) – U.S. stocks ended higher on Wednesday with the tech-heavy Nasdaq booking a 1.6 % gain on positive earnings signals with a wary eye on inflation and more interest rate hikes by the Fed. Netflix Inc’s shares added 7.4% after the company predicted it would return to customer growth during the third quarter, while posting a smaller-than-expected 1 million drop in subscribers in the second quarter. Other high-growth stocks extended gains following the forecast from the streaming service provider. Shares of Apple Inc, Amazon.com Inc, Microsoft Corp and Meta Platforms Inc ros…