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Tech Giants' Earnings to Impact Markets Amid Debt Woes

5/24/2025

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Summary

Story summary

The "Magnificent Seven" tech giants, spearheaded by NVIDIA, are set to sway global stock markets as they unveil first-quarter results on May 28. Amid ongoing worries about U.S. debt following Moody's downgrade, Fannie Mae and Freddie Mac shares soared after Trump's potential public offering. In contrast, Palo Alto Networks stumbled despite robust earnings, grappling with margin anxieties.

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Story summary

The "Magnificent Seven" tech giants, spearheaded by NVIDIA, are set to sway global stock markets as they unveil first-quarter results on May 28. Amid ongoing worries about U.S. debt following Moody's downgrade, Fannie Mae and Freddie Mac shares soared after Trump's potential public offering. In contrast, Palo Alto Networks stumbled despite robust earnings, grappling with margin anxieties.