MARKET WRAP: JSE closes weaker amid poor US tech company earnings

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Disappointing results and dim outlooks from major US tech companies weighed on global stocks

The JSE ended off the session’s lows on Friday, having traded weaker along with its global peers as investors digested US economic data and disappointing earnings reports from major tech companies.

Weak results and dim outlooks from Amazon, Microsoft, Alphabet and Meta weighed on sentiment with the JSE’s all share index falling by as much as 1.4% in intraday trade before recovering a little...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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