By Shreyashi Sanyal and Aniruddha Ghosh
July 27 (Reuters) – The tech-heavy Nasdaq led Wall Street’s main indexes higher with gains of more than 2% on Wednesday as upbeat quarterly reports from Microsoft and Alphabet lifted sentiment ahead of a key U.S. interest rate decision later in the day.
Investors were on edge after a profit warning from top U.S. retailer Walmart fueled fears of a wider slowdown in spending as high inflation increased costs for consumers.The three indexes had closed sharply lower in the previous session.
Microsoft Corp climbed 4.8% after it forecast revenue would grow by double digits this fiscal year on demand Sports News for cloud computing services.