Amazon stock tumbles 12% after reporting first quarterly loss in 7 years
Even mega-cap tech giant Amazon couldn’t bear up against the macroeconomic headwinds that imperiled Corporate America last quarter. Shares of Amazon (AMZN) plunged 12% on Friday, marking the tech giant’s biggest intraday drop since July 14, according to Bloomberg data. The slide wiped $170 billion off the company’s market valuation and sent the stock to its lowest level since June 2020. The sell-off comes at the heels of a disappointing earnings report from Amazon that showed a loss of… Source link
Read More »Stock futures sink as Amazon, Apple shares decline after quarterly reports
U.S. stock futures opened sharply lower Thursday evening to give back gains after a regular-session rally, with a fresh set of mixed quarterly results from some major technology companies weighing on index futures. Contracts on the S&P 500, Dow and Nasdaq each declined. Shares of tech juggernaut Amazon slid in late trading after the company unexpectedly posted a quarterly loss and offered a weaker-than-expected current-quarter forecast. Apple’s stock also declined even after the iPhone-maker… Source link
Read More »Facebook parent Meta’s stock is soaring today — here’s why
Shares of Facebook parent Meta (FB) soared in early trading Thursday on the back of its Q1 earnings report. Shares of the social media giant were up more than 14% despite a miss on revenue expectations, as investors and analysts digested the company’s plans to scale back spending. On the surface, Meta’s report wasn’t all that great. It missed on revenue estimates, with analysts expecting the company to bring in $28.24 billion rather than the $27.9 billion it reported. But the company… Source link
Read More »Stock futures edge higher as market attempts comeback from earlier sell-off
U.S. equity futures edged higher ahead of overnight trading Wednesday following a choppy earlier session that saw stocks pare some losses from a steep sell-off on Tuesday. Contracts on the S&P 500 climbed 0.21%, while Dow futures rose 62 points, or about 0.19%. Futures tied to the tech-heavy Nasdaq Composite were roughly flat after Facebook parent company Meta (FB) reported stronger-than-expected earnings after the close on Wednesday. Still, with just three trading days left, the… Source link
Read More »Google’s Stock Fell Again. YouTube Has a TikTok Problem.
Text size Google is still figuring out how to make money from YouTube’s Shorts video product. Justin Sullivan/Getty Images … Source link
Read More »The meme stock craze is ‘pretty bro-y,’ says CEO of investing platform for women
The meme stock craze — which multiplied the value of beleaguered companies like GameStop (GME) and squeezed hedge funds that bet against them — became a symbol of the populist fight between small-time traders and Wall Street juggernauts. But the most visible figures associated with the movement on behalf of everyday traders, which took off in January 2021, shared something in common: their gender. Keith Gill, a day trader who rose to prominence through his YouTube persona “Roaring Kitty,”… Source link
Read More »Stock futures open mixed after tech-led rout
U.S. stock futures opened mixed Tuesday evening after the major equity indexes slid during the regular trading day, as concerns over inflation and global economic growth stirred up further volatility across risk assets. Contracts on the S&P 500 dipped. The index dropped 2.8% on Tuesday for its largest decline in seven weeks, with technology shares especially slammed. The Nasdaq Composite sank 4% to fall to 12,490.74 — its lowest level since December 2020. With just three trading days left… Source link
Read More »Why Is the Stock Market Down Today? Dow Slides Ahead of Google, Microsoft Earnings
Text size Wall Street will digest a wave of U.S. corporate earnings this week. Dreamstime Stocks were down… Source link
Read More »Stock market news live updates: April 26, 2022
U.S. stock futures were flat in extended trading Monday after markets staged a rebound to end higher in the earlier session as investors look ahead to a batch of mega cap tech earnings in the coming days. Contracts on all three major indexes were little changed after the Dow Jones Industrial Average recovered an intraday loss of nearly 500 points and closed in the green, snapping a five-day losing streak. The S&P 500 also bounced back from declines to close the trading session above… Source link
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