News Formal

Stock market news today: US stocks slip as mixed results from Alphabet, Tesla kick off Big Tech earnings

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 19 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Big Tech News

Nasdaq Composite,Alphabet,Tesla

A marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.

US stocks slipped on Tuesday as investors weighed early reports on a marquee earnings day, with Big Tech results from Alphabet and Tesla in focus after hours. The benchmark S&P 500 and Dow Jones Industrial Average dropped about 0.2% and 0.1%, respectively, with the tech-heavy Nasdaq Composite finishing the session just below the flatline. Markets have been digesting a rotation away from the megacaps that have fueled this year's rally.

But network revenue, services revenue, along with subscriptions, platforms and devices revenue all disappointed. Shares traded flat immediately following the results. Tesla missed earnings expectations in the second quarter but delivered a beat on the top line with revenue hitting $25.50 billion compared to Wall Street estimates of $24.63 billion. Shares fell about 1%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: US stocks wobble amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: US stocks rise amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: US stocks waver amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: US futures waver amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street climbs as Big Tech recovers following worst week in monthsNEW YORK (AP) — U.S. stocks closed broadly higher, clawing back some of the losses from their worst week since April. The S&P 500 rose 1.1% Monday, breaking a three-day losing streak.
Source: SooToday - 🏆 8. / 85 Read more »