Big Tech led U.S. markets on a sharp rebound to kick off 2023. Apple Inc, Google parent Alphabet and Amazon.com all posted results for the end-of-year quarter that left a sour taste in investors' mouths. The reports renewed questions about global economic demand, the effect of higher interest rates and whether the market's January rally got ahead of itself.
The family of Anthony Lowe, a disabled man shot and killed by Huntington Park police officers last week, is expected to file a lawsuit against the city.
Apple, Google and Amazon fell late, with January's jobs report on tap. Is the hot market rally due for a pullback?