Markets

Dow sheds 300 points as traders await big tech earnings

All three major indices dipped Wednesday morning as Wall Street awaits a basket of earnings and a Fed decision this afternoon. GameStop continued its meteoric rise following a tweet from Elon Musk. Microsoft posted a 17% rise in sales in the latest quarter. Sign up here for our daily newsletter, […]
Dow sheds 300 points as traders await big tech earnings
Markets

Investors were disappointed by mega-cap tech guidance last week — but UBS says investors should stay invested and focus on 3 key areas

Technology investors were tested on Friday after strong earnings reports from mega-cap earnings like Amazon, Facebook, and Apple were still followed by sharp declines in share prices. Traders elected to focus on tepid profit-growth outlooks, rather than the past quarter’s better-than-expected results. Despite the negative earnings reaction in Friday trades, […]
Investors were disappointed by mega-cap tech guidance last week — but UBS says investors should stay invested and focus on 3 key areas
Markets

Confidence ‘has never been higher’ : Here’s what 4 Wall Street banks had to say about Apple’s fiscal 4th-quarter earnings

While investors balked at Apple’s worse-than-expected quarterly iPhone sales, analysts are looking past the September quarter and largely optimistic toward the company’s future. The tech giant reported revenue and earnings on Thursday afternoon that beat estimates, but its stock tumbled as phone sales disappointed shareholders. Analysts at major banks praised […]
Confidence ‘has never been higher’ : Here’s what 4 Wall Street banks had to say about Apple’s fiscal 4th-quarter earnings
Markets

Dow climbs 139 points, Nasdaq soars as tech giants rally ahead of earnings

US equities climbed higher on Thursday as rallying tech stocks and encouraging economic data reversed some of Wednesday’s plunge. Apple,Amazon,Facebook, and Alphabet led gains ahead of the companies’ third-quarter reports. US GDP grew at a record 33.1% annualized rate in the third quarter, the Commerce Department said Thursday. The reading […]
Dow climbs 139 points, Nasdaq soars as tech giants rally ahead of earnings
Markets

US stocks edge lower as investors mull odds of stimulus deal by end of week

US stocks declined slightly on Wednesday as investors weighed the latest developments in reaching a stimulus agreement. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach a deal before a Tuesday deadline and now aim to finalise a proposal before the weekend. Senate Democrats blocked Republicans’ $US500 […]
US stocks edge lower as investors mull odds of stimulus deal by end of week
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