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Tech earnings lead a rally in U.S. stocks, but just how strong is the sector?

If you were looking for positive news, there was some to be found, but I'd hardly say that the

results were good. Plus, China cracks down on foreign businesses. China wants to control the narrative,

and they want to be more in control of what kind of information, auditors, consultants, law firms are

collecting in China. And Europe narrowly avoids recession as the German engine falters.

It's Friday, April 28th. I'm Luke Vargas with the Wall Street Journal, and here is the AM

edition of What's News, the top headlines and business stories moving your world today.

Tech earnings fueled a rally in U.S. stocks yesterday with Amazon and Facebook

leading the charge. Improved ad spending boosted their earnings, though concerns around

slowing growth in cloud computing and continued pressure on the chip sector is moneying the overall

tech outlook. We should note that industry leader Apple is still yet to report its earnings.

It will do so next week. But for now, let's take stock of what has been a banner few days for

big tech earnings. And to help us do that, I'm joined now by Wall Street Journal Global

Tech Editor Jason Dean in San Francisco. Jason, good morning or good night to you. Thank you so

much for being with us. My pleasure, thanks, Kevin. Okay, we've got a lot of tech earnings now in

the rear view. Some still to come, but now that we can kind of step back and assess things broadly,

what do you see? Are the kids all right? What are these companies really telling us?

Well, it's a mixed picture still. I think if you were looking for positive news,

there was some to be found. So you see investors getting excited about some of these results.

...