More drops for Big Tech stocks dragged on Wall Street on Tuesday, overshadowing gains for much of the U.S. stock market. The Standard & Poor's 500 slipped 0.5%, even though 2 out of 3 stocks within the index rose. The Dow Jones industrial average rose 203 points, or 0.5%, and the Nasdaq composite sank 1.3%. PayPal rose 8.6% and helped lead the market’s gainers after it topped analysts’ expectations for profit during the spring. It also raised its forecast for profit for the full year.
“In our view, the recent rally is likely unsustainable as the fundamental support is lacking,” said Austin Pickle, investment strategy analyst at Wells Fargo Investment Institute, who said that more than 40% of small-cap companies aren’t making any profits, among other challenges. Also weighing on Wall Street was Merck, which fell 9.8% despite reporting stronger results for the last quarter than expected.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreatsGlobal shares have dropped, with Tokyo’s benchmark losing more than 1,300 points at one point and closing 3.3% lower, as pessimism set in over Wall Street's overnight nose-dive.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »
Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreatsGlobal shares have dropped, with Tokyo’s benchmark losing more than 1,300 points at one point and closing 3.3% lower, as pessimism set in over Wall Street's overnight nose-dive. Chinese shares fell as investors questioned a central bank decision to cut another key interest rate after several similar moves earlier this week. U.S.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »
Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreatsGlobal shares have dropped, with Tokyo’s benchmark losing more than 1,300 points at one point and closing 3.3% lower, as pessimism set in over Wall Street's overnight nose-dive.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »
Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rallyMore than 22,000 Met-Ed customers in York County reportedly went without power at some point.
Herkunft: fox43 - 🏆 564. / 51 Weiterlesen »
Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rallyThe lawsuit is asking for a judgment mandating the Board to issue one-year contracts to these 28 substitutes and pay any wages that have been lost.
Herkunft: 10TV - 🏆 560. / 51 Weiterlesen »
Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rallyThe Texas House General Investigating Committee met for the first time in a year. The same group kickstarted Ken Paxton's impeachment proceedings last year.
Herkunft: KVUE - 🏆 244. / 63 Weiterlesen »