Stock Market Today Mid-Morning UpdatesOn Friday, the Dow Jones Industrial Average is down by over 150 points as investors react to yet another slew of tech earnings. Apple (NASDAQ: AAPL) for instance, reported a strong quarter, with a revenue record of $97.3 billion, up by 9% yea
What happened
Shares of Palantir (NYSE: PLTR) are sinking again in this week's trading. Heading into this Friday's market open, the big-data specialist's stock was down roughly 8.4% from last week's close, according to data from S&P Global Market Intelligence.
What happened
ChargePoint Holdings (NYSE: CHPT) stock is sliding this week. The electric vehicle (EV) charging company's share price was down roughly 6.6% from the end of last week heading into Friday's market open, according to data from S&P Global Market Intelligence.
Amazon (NASDAQ: AMZN) reported earnings on April 28 after closing bell, and shares are down over 10% on the news. The company reported a $7.6 billion loss from its investment in Rivian Automotive (NASDAQ: RIVN), an electric vehicle manufacturer. In addition, Amazon announced ligh
What happened
Rivian Automotive (NASDAQ: RIVN) stock is losing ground again in this week's trading. The company's share price was down roughly 4.3% from last week's close ahead of Friday's market open, according to data from S&P Global Market Intelligence.
Wall Street was set to open lower on Friday as disappointing quarterly reports from Amazon and Apple pressured growth stocks, pushing the tech-heavy Nasdaq toward its worst month in two years.
Consumer stocks were retreating pre-bell Friday. The Consumer Staples Select Sector SPDR Fund (XLP) was 0.41% lower, and the Consumer Discretionary Select Sector SPDR Fund (XLY) was recently down more than 2%
Many investors will focus on Amazon.com's (NASDAQ: AMZN) slow growth and weak revenue forecast for the second quarter as they assess the company's first-quarter earnings report, released after market close on Thursday. After all, 7% growth represented the company's worst top-line
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) just released its last earnings report before its anticipated stock split in July. After the release, the stock price dropped, likely because of challenges in the ad market and other issues.
Amazon (AMZN), Apple (AAPL), and others have begun to adjust forward guidance lower on what has universally been referred to as cost “pressures” associated with China lockdowns, lingering Covid related expenses, and the war.
Asian shares clung on to small gains on Friday thanks to a solid Wall Street session, but were still set for their worst month in two years, as China growth fears and looming U.S. rate hikes dragged on sentiment and sent the safe-haven dollar soaring.
NEW YORK (Reuters Breakingviews) - The pandemic was good for Amazon.com. But a fog has settled, caused by macroeconomic factors. While the e-commerce giant has some bright patches, shipping, wage costs and war are stumbling blocks that make it h
The stock market delivered an extremely strong rebound on Thursday, as investors seemed to decide that the selling pressure that financial markets had faced over the past several weeks had been overdone. Gains for the major market indexes ranged from less than 2% for the Dow Jone
Markets rallied back Thursday to make some of the big losses they’ve racked up over the past week of trading. The Dow grew +615 points or +1.85% on the day, while the S&P 500 performed even better: +2.47%. The Nasdaq added 382 points, +3.06% in regular trading, while
Amazon (AMZN) came out with quarterly earnings of $4.24 per share, missing the Zacks Consensus Estimate of $8.73 per share. This compares to earnings of $15.79 per share a year ago. These figures are adjusted for non-recurring items.
The U.S. dollar touched a two-decade high against rivals on Thursday, as Wall Street rallied and European shares rose from six-week lows with strong earnings reports offseting gloomy U.S. economic data.
Wall Street ended sharply higher on Thursday after a strong quarterly report from Meta Platforms lifted beaten down technology and growth stocks and offset worries about the U.S. economy's contraction in the first quarter.
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.