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Stocks rebounded with the KOSPI surging in South Korea, the chips benchmark SOX rising, and Amazon gaining after five consecutive quarters of cloud sales growth. Apple's shares slumped due to supply shortages impacting sales forecasts, while oil giants prepared for earnings reports and Treasury yields rose following the first post-Fed economic data.
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- Oil prices fall, markets bounce back on mixed earnings from US tech giants
- Asian shares rally after Dow hits a record, as some AI shares bounce back
- Asian shares rally after Dow hits a record, as some AI shares bounce back
- Stocks rise on Wall Street, erasing much of their loss from a day earlier
- Slumping AI stocks overshadow gains for the rest of Wall Street, while oil prices drift
- Chip stocks are in freefall from Seoul to Wall Street. Amazon, Meta, and Microsoft report this week