The S&P 500 and the Nasdaq rose on Monday after a week of choppy trading spurred on by mixed quarterly results from big technology companies. Five of the 11 major S&P sectors advanced, with consumer discretionary stocks leading morning gains. The tech-heavy Nasdaq had a choppy start to February after Facebook owner Meta Platforms lost $200 billion from its market value on disappointing results last week, while Amazon.com Inc. gained just as much on plans of hiking its Prime subscription rate. “Markets finished out pretty decently last week after a tough month of January, so it does seem that you had capitulation on that Monday, and since then the market is trying to work its way up,” said Thomas Hayes, managing member at Great Hill Capital LLC in New York. “Higher earnings are helpful in the sense that estimates finally ticked up.” Of the 278 companies in the S&P 500 …
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