Tech stocks have a big earnings day with Amazon leading the way. This builds confidence in the sector and the market overall
ByJJ Kinahan,
Senior Contributor.
Key Takeaways
-Tech gets a confidence boost
-Some sector rotation is happening
Capping this week's Big Tech earnings were Apple and Amazon, which posted quarterly results after market close Thursday.
Lurking in the background, as always, are the big macro questions about President Trump’s tariff deals.
CNBC's Jim Cramer stressed the importance of upcoming earnings from Apple, Amazon, Alphabet, Meta and Microsoft.
On tariffs, "We estimate the impact to add about $1.1 billion to our costs," CEO Tim Cook said.
The Nasdaq Composite climbed over 15% in April, as strong earnings reports helped fuel the rally.
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