Dow Jones futures edged higher after hours, along with S&P 500 futures and Nasdaq futures as Apple (AAPL) and Amazon.com (AMZN) headlined key earnings overnight. The October jobs report is on tap. The stock market rally had a damaging day, with all the major indexes breaking or testing key levels. The Nasdaq led the sell-off…
NEW YORK (AP) — Wall Street is feeling the downside of high expectations on Thursday, as Microsoft and Meta Platforms drag U.S. stock indexes lower despite delivering strong profits for the summer. The S&P 500 was down 1.6% in midday trading and on track for its worst day in nearly eight weeks, falling further from its record set earlier this month….
Check out the companies making headlines before the market open. Carvana – Shares surged more than 19% on the heels of a third-quarter earnings and revenue beat . For the period, Carvana earned 64 cents per share on $3.65 billion in revenue, above the 25 cents per share and $3.45 billion that analysts surveyed by…
The Nasdaq led a tumble in US stock futures on Thursday as Meta (META) and Microsoft’s (MSFT) earnings sparked worries about prospects for Big Techs amid rising AI costs. Contracts on the tech-heavy Nasdaq 100 (NQ=F) sank 0.9%, while S&P 500 futures (ES=F) fell over 0.7%. Dow Jones Industrial Average futures (YM=F) dropped roughly 0.5%,…
Meta Platforms Inc. CEO Mark Zuckerberg will ramp up heavy investments in AI and other futuristic technologies, continuing a years-long tug-of-war between the company’s long-term bets and the core advertising business that provides the vast majority of Meta’s revenue. Zuckerberg warned investors Wednesday that Meta will continue to spend significantly on infrastructure and other projects…
China’s top solar manufacturers posted big losses in the third quarter as severe overcapacity and price wars continue to hurt the companies producing equipment critical to global energy transition. Leading panel-maker Longi Green Energy Technology Co. chalked up its fourth straight quarterly net loss of 1.26 billion yuan ($177 million), after recording a profit of…
Microsoft (MSFT) late Wednesday topped Wall Street’s targets for the software giant’s fiscal first quarter on strong cloud computing business. However, Microsoft stock fell in extended trading after the company guided below views for sales in the current quarter. The Redmond, Wash.-based company earned $3.30 a share on sales of $65.6 billion in the quarter…
Dow Jones futures edged lower overnight, while S&P 500 futures and Nasdaq futures fell slightly. Microsoft (MSFT) and Meta Platforms (META) beat Q3 views, but shares declined on guidance. Robinhood Markets (HOOD), Coinbase (COIN), MicroStrategy (MSTR), DoorDash (DASH), GoDaddy (GDDY) and Ryan Specialty Holdings (RYAN) were among the other notable earnings after the close. ↑ X…
Warren Buffett stocks Kraft Heinz (KHC) and DaVita (DVA) slumped on earnings on Wednesday, with other major Berkshire Hathaway (BRKB) portfolio holdings on deck this week, including “extraordinary business” Apple (AAPL). ↑ X NOW PLAYING Warren Buffett Vs. IBD Methodology: Finding The Right Investing Approach For You Kraft Heinz Stock The ketchup and Jell-O maker…
US stock futures were mixed on Wednesday, with the Nasdaq rising as Alphabet’s (GOOG, GOOGL) strong earnings boosted optimism for Big Tech results ahead of crucial GDP and labor market data. Contracts on the tech-heavy Nasdaq 100 (NQ=F) edged up roughly 0.2%, while S&P 500 futures (ES=F) hugged the flat line on the heels of…