Stock Market Today: Big Tech Carries Wall Street on Its Back

28 April 2022

Technology and tech-esque stocks were the vanguard for a wild (and broad) stock-market rally Thursday that largely ignored an unexpected contraction in U.S. economic activity. This morning, the Commerce Department reported that U.S. gross domestic product declined at a 1.4% annualized pace during the first quarter of 2022, falling far shy of the 1% gain that economists, on average, expected.