Wall Street Closes Higher as Tech Earnings Beat Expectations

Major indexes rallied Friday after a wave of stronger-than-expected quarterly results from big tech names eased recession worries.

Markets had priced in a cautious stance heading into the announcement, and the muted reaction suggests investors are now focused on the next round of economic data due later this month.

Corporate earnings continue to diverge sharply by sector, with consumer-facing companies reporting softer demand even as enterprise and infrastructure spending remains resilient.

Economists remain split on how long the current environment can hold, with some warning that delayed effects of prior policy moves have yet to fully filter through the economy.