Wall Street's main indexes inched higher on Friday after solid results from...
- Wall Street’s main indexes inched higher on Friday after solid results from technology giant Microsoft added to an upbeat mood following hints from a top Federal Reserve official that a U.S. interest rate cut could be imminent.
Microsoft Corp , the most valuable U.S. company, rose 1.7% as strength in its cloud business helped it beat estimates at the end of a week of mixed earnings. “Microsoft is a sign that not all companies are suffering from the downturn we’re seeing in manufacturing or the pressure from interest rates that’s affecting financials,” said Jeff Kleintop, chief global investment strategist, at Charles Schwab in Boston.
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