[Chart courtesy of MarketWatch.com] Today was a bad day for tech stocks, as Microsoft and Alphabet dragged down the whole sector with their disappointing performance. Alphabet’s shares fell over 5%, their worst drop since last October, as their ad revenue failed to impress investors despite beating earnings and sales expectations. Microsoft and AMD also lost 1.3% and 4% of their …
Market On Pause As Investors Await Fed And Tech Earnings
[Chart courtesy of MarketWatch.com] The market was in a holding pattern, as investors weighed the latest earnings reports and waited for the Fed’s policy decision. Some stocks shone, while others fizzled. General Motors revved up 7% after beating earnings expectations. F5 and Sanmina also impressed investors with their strong financial results, gaining 2% and 27%, respectively. Whirlpool, on the other …
Market Optimism Ahead Of Tech Earnings And Fed Policy Meeting, But Risks Remain
[Chart courtesy of MarketWatch.com] Wall Street was in a good mood as it awaited the earnings reports of some of the biggest tech giants and the Fed’s decision on interest rates. This week is the peak of the earnings season, with nearly a fifth of the S&P 500 companies revealing their financial performance. The market darlings Microsoft, Apple, Meta, Amazon, …
ETF Tracker Newsletter For January 26, 2024
ETF Tracker StatSheet You can view the latest version here. INTEL SINKS, BUT MARKET STILL ENDS WEEK HIGHER [Chart courtesy of MarketWatch.com] Friday was a snooze-fest for the S&P 500, which barely budged amid a slew of lackluster earnings reports. Intel was the biggest loser, plunging 11% after issuing a dismal outlook for the first quarter. Other stocks like …
Market Rises On Strong GDP, But Tesla Drags Down MAG7
[Chart courtesy of MarketWatch.com] The market rose today, as traders digested signs of strong economic growth and the latest earnings reports. The U.S. economy grew by 3.3% in the fourth quarter, beating the 2% forecast and showing resilience despite Fed rate hikes. Of course, this number may change later when no one is paying attention. How can the forecast be …
Bond Yields Rise, Netflix Surges, China Struggles: A Mixed Day For The Market
[Chart courtesy of MarketWatch.com] Netflix added more subscribers than ever in the fourth quarter, sending its shares up 13%. The streaming giant now has 260.8 million couch potatoes hooked on its shows. It also beat revenue and earnings forecasts, making Wall Street happy. But not everyone was happy. Some traders were worried about the slowing economy and the risk of …