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Big tech beats buoy stocks

Added 07-31-20 10:04:02am EST - “Amazon, Apple, Google and Facebook all reported strong earnings in the second quarter of 2020” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Big tech beats buoy stocks”. Below is an excerpt from the article.

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BlackRock Global Fixed Income CIO Rick Rieder on technology's impact on the economy, the Fed keeping rates low and global economic growth.

Tech stocks led the major averages higher on Friday after strong earnings from four of America’s biggest companies.

The tech-heavy Nasdaq Composite rose 1.5 percent in the opening minutes of trading while the S&P 500 climbed 0.55 percent. The Dow Jones Industrial Average added 46 points, or 0.18 percent.

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