U.S. Job Growth Surges in January, Tech Giants Report Mixed Earnings
The economy added 353,000 jobs last month, while Apple faces challenges in China and Meta shines with strong earnings.
- The U.S. economy added 353,000 jobs in January, surpassing expectations and indicating a strong labor market.
- Apple's stock fell 3.5% after reporting a decline in China revenue, while Meta Platforms' shares surged 15% following a strong earnings report.
- Amazon's cloud business drove a 6.5% increase in its stock, with the company also reporting a decrease in cost-to-serve for the first time since 2018.
- Nvidia's AI chips remain in high demand, with Meta, Amazon, and Microsoft among the heavy users.
- Exxon and Chevron reported strong earnings, with Chevron announcing an 8% dividend increase.
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