Is your stock portfolio in a spooky state this Halloween? ๐ฌ Dive in to discover how tech giants like Microsoft and Meta are haunting Wall Street!
As Halloween approaches, Wall Street is witnessing an eerie sell-off led by tech titans Microsoft and Meta. After a series of earnings reports that failed to impress investors, the Nasdaq composite has plummeted a staggering 2.6%. With anticipations of higher inflation readings looming like ghosts in the night, it seems investors are trading their usual optimism for a fear of whatโs to come. All three major indexes closed lower on Thursday, adding a haunting chill to the final trading day of October.
The Dow Jones Industrial Average, our good old Blue-chip benchmark, was down 287 points, or 0.6%, which makes it sound like a fun haunted house ride, but itโs no laughing matter. The investor mood quickly shifted from hopeful to grave concern as they absorbed the weight of Microsoft and Metaโs earnings, which highlighted the heavy burden of high expectations and the pressures of remaining competitive in an ever-evolving tech landscape. Indeed, the stock market appears more frightful than festive this Halloween season!
Tech shares have taken a particular hit, led by the mega-cap giants Microsoft and Meta. With every downward tick, investors found themselves avoiding the spooky shadows of poor performance and anxiously awaiting the next wave of earnings from other big players like Apple and Amazon. The uncertainty surrounding inflation data suggests that this unsettling trick-or-treat fest in the market has just begun.
Looking ahead, as the dust settles, market watchers are left scratching their heads. Will Apple and Amazon turn the tide, or will the skepticism continue to loom like a dark cloud? Despite the current oversight, it's not all doom and gloom; the tech sector remains a critical driver of growth and innovation. Just remember, every haunted house has a few surprises behind the curtains, and so does the stock market!
Meta and Microsoft earnings have stirred up worries about AI and Big Tech as investors digest a Fed-favored reading on inflation.
All three major indexes closed lower on Thursday, making for a grim Halloween.
The Dow Jones Industrial Average was down 287 points, or 0.6%, as of 2:02 p.m. Eastern time. The Nasdaq composite was 2.6% lower and heading for a second ...
NEW YORK (AP) โ The downside of high expectations thumped Wall Street on Thursday, and Microsoft and Meta Platforms dragged U.S. stock indexes lower despite ...
After the opening bell, the Dow Jones Industrial Average dropped 0.6%, as the S&P 500 fell 1%. The tech-heavy Nasdaq composite moved down 1.6% in morning ...
Jobs and inflation data, as well as earnings from Apple and Amazon, will keep Wall Street focused on the final trading day of October.
Tech shares dropped on Thursday, led by mega-cap titans Microsoft and Meta. Investors were bracing for Amazon and Apple earnings after the bell.
Tech shares dropped on Thursday, led by mega-cap titans Microsoft and Meta. Investors were bracing for Amazon and Apple earnings after the bell.
Microsoft reported bigger profit growth for the latest quarter than analysts expected. Its revenue also topped forecasts, but its stock nevertheless sank 6% as ...
Indexes fell for a second day on Thursday as investors reacted to the latest tech earnings and digested the Fed's preferred inflation gauge.
advanced Thursday night as traders analyzed major earnings reports in the runup to the all-important jobs report. Futures tied to the tech-focused index ...
Microsoft shares slid more than 5% after the tech giant's revenue guidance disappointed investors and overshadowed a quarterly earnings beat. Meta Platforms
Dow, S&P 500, and Nasdaq futures are rising in premarket trading as the stock market braces for the latest nonfarm payrolls report.
Stocks snapped a five-month win streak in October, and bulls face a key series of tests over the coming days, including Friday's key jobs report.
Upbeat earnings from Amazon are lifting the mood ahead of the crucial monthly jobs report.
Wall Street pointed toward gains in premarket trading as investors seemed unfazed by the government's latest jobs numbers, which came in much lower than ...
Markets are taking a big miss in the monthly jobs report in their stride as they welcome Amazon and Intel's results.
Amazon is helping to pull U.S. stock indexes higher, while yields skid in the bond market following a surprisingly weak jobs report.
Stocks fell sharply Thursday with investors assessing earnings season for big technology companies with growing skepticism. Microsoft and Meta Platforms ...
NEW YORK (AP) โ A surge for Amazon is leading a rally for U.S. stock indexes on Friday, while a surprisingly weak jobs report marred by some unusual ...
After the opening bell, the Dow Jones Industrial Average rose 0.8%, while the S&P 500 climbed 0.7%. The tech-heavy Nasdaq composite gained 0.9% in morning ...
NEW YORK (AP) โ Amazon and oil-and-gas companies are helping to pull U.S. stock indexes higher on Friday, while yields skid in the bond market following a ...
Indexes gave back some of the morning's gains Friday afternoon. The Dow Jones Industrial Average added nearly 400 points for a 0.9% gain, while the S&P 500 ...
Amazon led U.S. stock indexes higher, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street for another cut ...