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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Consumer Tech News (July 28–August 1): Earnings From Apple, Microsoft, and Amazon Offset by Fed Jitters, Tariff Woes

Tech stock skyrockets

Despite strong quarterly earnings from major tech firms, Wall Street ended the week lower as investor focus shifted to mounting macroeconomic risks.

The Federal Reserve held interest rates steady in July, resisting pressure from President Trump, but the decision drew rare dissent and now faces scrutiny amid signs of a weakening labor market.

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