The major stock benchmarks rallied Friday but were lower last week, with the Nasdaq leading the way lower after reaching new highs. In a heavy week of tech earnings, the Nasdaq lost 1.5% and broke a seven-week winning streak. The Nasdaq on Tuesday posted a record-high close of 18,712. The index finished 2.5% below Tuesday’s…
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon shares jumped 6% on Friday after the company reported better-than-expected earnings, driven by growth in its cloud computing and advertising businesses. The stock is up about 32% for the…
Investors have been accumulating shares of several big-name companies, from GE Vernova to United Airlines , during the market’s recent dip. But those and other overbought stocks could be due for a pullback, according to one popular yardstick. November is off to a strong start after the major U.S. stock indexes ended October in the…
Wall Street faces another key litmus test Thursday with earnings results from megacap technology giants Apple and Amazon . The Nasdaq slumped 2% after Microsoft issued disappointing revenue guidance and Meta Platforms warned of heightened AI-related costs . Both tech giants fell Thursday, despite topping Wall Street’s estimates. Capital expenditures remain top of mind for…
Traders work on the floor of the New York Stock Exchange on Sept. 18, 2024. Stephanie Keith | Getty Images Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s…
Microsoft Corp. signage in New York, US, on Friday, Oct. 25, 2024. Jeenah Moon | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You…