US stocks rebound, led by big tech earnings boost

US stocks rebound, led by big tech earnings boost

The major US stock indices regained some of Wednesdays lost ground yesterday, fueled by the biggest tech names many of which gained ground on their share prices ahead of delivering impressive quarterly results after market close. On Thursday, Facebook posted record revenue, Amazon almost tripled its profit yearoveryear to 6.3bn, and Google parent Alphabet said that Q3 digital advertising revenue gained 10 versus the same period in 2019. The positive figures came a day after the CEOs of Facebook, Twitter and Alphabet were questioned for hours by a Republicancontrolled Senate committee about their influence in public discourse surrounding the election. In afterhours trading, Alphabet stock jumped more than 6, following a 3.1 gain during market hours. Both Amazon and Facebook fell back slightly in afterhours trading following gains for 1.5 and 4.9 in regular market hours.

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