Nasdaq, S&P 500 slump as tech shares lead U.S. stocks lower after mixed earnings

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Frances Yue covers the cryptocurrency market for MarketWatch.

U.S. stock indexes fell Wednesday morning, led by a slide in technology shares after behemoths Alphabet and Microsoft delivered a mixed picture of earnings, while longer-dated Treasury yields resumed their march higher ahead of inflation data on Friday and interest-rate decisions by the Federal Reserve next week.

The S&P 500 communication services sector XX:SP500.50, which includes high-profile names as Alphabet, Meta Platforms META, -2.75% and Netflix NFLX, +0.37%, slumped 5.2% on Wednesday, on track for its worst day since October 2022, according to FactSet data. Tim Urbanowicz, head of research and investment strategy at Innovator ETFs, said despite good news so far in the third-quarter earnings season, investors need to back up and remember they are in a macro driven market. “A lot of the earnings news will take a backseat to the economic data,” he said in emailed comments on Wednesday.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

S&P 500, Nasdaq slump as tech shares lead U.S. stocks lower after mixed earningsIsabel Wang is a Markets Reporter for MarketWatch.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »