April 22, 2024 – 7:04 AM PDT
(Reuters) – Wall Street’s main indexes rose on Monday after steep losses in the previous session as easing Middle East tensions buoyed risk appetite, while investors looked ahead to an action-packed week with major tech earnings and a key inflation print.
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The Nasdaq (.IXIC) and the S&P 500 (.SPX) ended lower on Friday as Netflix (NFLX.O) shares weighed after a dour quarterly earnings report, with both the indexes suffering six straight sessions of declines last week, their longest since October 2022.
Some megacap growth stocks edged higher in early trading, with Meta Platforms (META.O), Amazon.com (AMZN.O) and Apple (AAPL.O) up between 0.6% and 1.5%.
Nvidia (NVDA.O) advanced 2.8%, rebounding from a 10% drop in the last session.
“The market got over-sold on Friday because of Netflix earnings, it…
