Earnings help stocks but dollar bulls show nerves

Published by
Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – Share markets steadied on Thursday, taking comfort in technology earnings, though an energy crisis in Europe and China’s lengthy lockdowns kept the mood cautious and have propelled the dollar close to 20-year highs as investors seek out safety and yield. Nasdaq 100 futures were up 1% in the Asia session and S&P 500 futures rose 0.7% after Facebook owner Meta beat Wall Street profit forecasts and said it had eked out user growth, sending its shares up almost 20% after hours. A rally in Microsoft shares overnight also helped Wall Street indexes to a steady …

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