Sticky inflation in the US means interest rates are unlikely to come down soon. (Photo: AFP)
LONDON – Stocks traded mixed on Friday as blockbuster earnings from Amazon and Intel fuelled hope of a tech bounce despite a report showing persistent US inflation.
Wall Street opened mostly higher, with the tech-heavy Nasdaq rising 1.0% and the S&P 500 also rising. The blue-chip Dow opened flat before sliding lower.
Both Amazon and Intel beat expectations in earnings reports…
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