US stocks edge higher as investors digest earnings results from mega-cap tech

US stocks edge higher as investors digest earnings results from mega-cap tech

US stocks edged higher on Wednesday as investors continue to digest the strong earnings reports from mega-cap tech companies , , and . All three tech giants easily surpassed analyst's revenue and EPS estimates, helping boost shares of Microsoft and Alphabet in trades on Wednesday. Apple traded slightly lower as investors questioned if Apple's strong growth rates were sustainable. The strong moves in US tech companies are in stark comparison to Chinese tech stocks, which continue to sell off as increased regulation from Beijing spreads to various industries. Cathie Wood's Ark Invest companies on Tuesday. Investors are also awaiting the conclusion of the two-day meeting of the Federal Open Market Committee, which will give an indication on the direction of central bank asset purchases, rates, and views on inflation. Robinhood's expected IPO later this week will , as they are reportedly going to sit out the offering in fear of retail-driven volatility. The retail brokerage app is now testing a new feature that will let users Crypto-exchange Binance said it including data-sharing with regulators and implementing a tax-tracking tool. The company has come under fire from a number of jurisdictions for its lack of compliance safeguards. Crypto bull anti-crypto stance