The stock market has taken a turn for the 2023 year.
The stock market has had a strong start to the year, with the Dow, Nasdaq Composite, and S&P 500 all rising.
Apple, Alphabet and Amazon are all set to report earnings on Thursday, after a week that saw some worrying results from other tech giants. Microsoft warned that sales growth from its Azure cloud-computing business is slowing, while Intel reported a drop in revenue of around one-third in the final quarter of 2022. IBM's earnings were also hit by weaker-than-expected profitability.
The market's resurgence in 2023 has been a major setback for short sellers.
The stock market has changed its outlook for 2023.