Tech Earnings Support Markets Amid Inflation Warnings
Strong results from Apple and Caterpillar boost markets despite high oil prices. Central banks warn of inflation while Japan intervenes to support the yen.
CATERPILLAR INC shares rose 10% after AI-driven data center demand pushed earnings past estimates in the United States. It marks a shift where industrial giants benefit from the same tech momentum fueling the Nasdaq. Investors must decide if tech earnings can offset the highest energy costs on record.
### Tech Momentum vs. Market Mania APPLE INC also exceeded forecasts, sending its shares up 1.9% during the late evening. Goldman Sachs Group Inc analysts described the current Wall Street rally as one of the narrowest on record. The firm noted that earnings upgrades are concentrated almost entirely in semiconductors, IT, and communications.
