Big Tech earnings were the talk of the town this week, and determined much of Wall Street's price action. Cooling Treasury yields also influenced stocks, with the Dow Jones Industrial Average (DJI) notching its best close since Sept. 12, and stringing together five-straight wins
The metaverse itself promises to disrupt a vast array of industries that stem far beyond the realms of today’s market leaders. This is likely to open up new and unconventional opportunities for investors seeking emerging trends.
This is turning out to be one of the worst quarters for technology companies in a long time. Most are missing estimates on multiple fronts, or managing to beat lowered expectations. One area that deserves special focus just because it has been so strong of late is the clo
Amazon.com Inc's shares fell about 8% on Friday after forecasting holiday-quarter sales below Wall Street estimates, while its Big Tech peers recovered from a bruising selloff this week.
Wall Street's main indexes rose on Friday as a jump in shares of Apple on upbeat results provided enough of a boost to outweigh a dour warning from Amazon.com.
The Dow closed higher for the fifth-straight session on Thursday as fresh data showed that the GDP grew faster than expected in the third quarter, which gave investors’ confidence a boost. However, the S&P 500 and Nasdaq ended lower following a mixed batch of earnings
The S&P 500 and the Nasdaq were set to open lower on Friday as gloomy forecasts from megacaps Amazon and Apple outweighed data that showed U.S. consumer spending increased more than expected in September.
Considering the steep losses in the stock market this year -- particularly those in the technology sector -- investors are paying close attention to the current earnings season. Large organizations can provide helpful hints about the health of the consumer and the economy, so it'
U.S. stock index futures fell on Friday as gloomy forecasts from megacaps Amazon and Apple heightened fears that the Federal Reserve's aggressive interest rate hikes were finally slowing the economy and could hammer corporate earnings.
Apple (NASDAQ: AAPL) bucked a trend of year-over-year earnings declines that were seen by many of its tech-giant peers recently. Despite significant foreign-exchange headwinds and an extremely tough year-ago comparison, the tech-giant's fiscal fourth-quarter revenue and earnings
Microsoft (NASDAQ: MSFT) stock is down after the company released fiscal 2023 first-quarter earnings. Microsoft's revenue growth is slowing as consumers spend more on items outside their homes. This video will review Microsoft's first-quarter earnings to learn why Microsoft's sto
Amazon.com Inc's shares tumbled about 13% in premarket trading, with the online retailer coming close to losing its spot in the trillion-dollar company club, after forecasting holiday-quarter sales below Wall Street estimates.
In a further sign that large companies may be girding against an imminent recession, U.S. tech giants Amazon.com, Microsoft and Intel said this week that customers were taking an axe to cloud and datacenter spending.
Microsoft's (NASDAQ: MSFT) stock price dropped 8% on Wednesday, Oct. 26, after the tech giant posted its latest quarterly numbers. In the first quarter of fiscal 2023, which ended on Sept. 30, Microsoft's revenue rose 11% year over year (and grew 16% in constant currency terms) t
Tesla (NASDAQ: TSLA) and Amazon (NASDAQ: AMZN) are two of the largest companies in the world. Both stocks have put up phenomenal returns for investors since going public, with the electric carmaker up 12,800% and the e-commerce/cloud company up 122,000% all-time. But if you own t
U.S. stock index futures tumbled on Friday as gloomy forecasts from megacaps Amazon and Apple heightened fears that the Federal Reserve's aggressive interest rate hikes were finally slowing the economy and could hammer corporate earnings.
Disappointing earnings from the megacap companies that led markets higher for years are cratering their shares and sending a disconcerting message about a U.S. economy that until recently had appeared to be weathering a barrage of interest rate hikes.
In a further sign that large companies may be girding against an imminent recession, U.S. tech giants Amazon.com, Microsoft and Intel said this week that customers were taking an axe to cloud and datacenter spending.
Over $200 billion in U.S. stock market value went up in smoke in extended trade on Thursday, after a weak forecast from Amazon added to a string of downbeat quarterly reports from Big Tech companies.
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