Stocks rose after a sharp sell-off on Thursday. Workday and Intuit triggered sell signals, while eBay broke out. Durable goods orders for April exceeded views.
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the middle part of the second quarter of 2024 showed a big divergence of returns.
As Nvidia again smashes targets, Microsoft teases a new breakout and record high, while teaming up on AI assistants with ServiceNow.