The tech-heavy Nasdaq fell as shares of other social media companies also took a beating.
“As we’ve gotten numbers in recent days, what we’re seeing is the delivery of earnings being rewarded or penalized, and if you continue to deliver strong earnings growth, the market will reward that,” said Maxwell Grinacoff, US equity & derivatives strategist at BNP Paribas. “People are going to start increasing allocations to value stocks, and to do that they will have to sell their growth stocks, even if they are down 15% to 30%,” said Jack Murphy, chief investment officer of Easterly Investment Partners.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Fin24 - 🏆 21. / 63 Read more »
US stocks fall as Meta’s disappointing forecast disrupts tech recoveryFacebook owner Meta is on track to lose a quarter of its market cap in Thursday's wipeout I have been seeing post everywhere. and a lot of people keep saying reach him and eventually it turned out to be legit platform, I invested $500 and received $4750 within 6 days trade with MichaelWeldon_ There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about cryptoverseJ it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done.
Source: BDliveSA - 🏆 12. / 63 Read more »