Equity markets continued their uneven climb upward this year with the tech-heavy Nasdaq and the S&P 500, which has a hefty technology component, jumping 1.8% and 1.1%, respectively, even as fourth quarter earnings continued to tilt negative and a rising number of firms announced layoffs in anticipation of an economic contraction. Since the start of the year, Amazon, Microsoft, Salesforce and more recently IBM have announced job cuts.
Source: https://www.coindesk.com/markets/2023/01/27/first-mover-asia-cryptos-shrug-off-latest-us-productivity-jobs-data-bitcoin-hovers-at-229k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines