US futures fall as megacaps slide on downbeat earnings

  • 📰 malaymail
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 86%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

NEW YORK, Feb 3 ― US stock index futures dropped on Friday after disappointing results from megacap growth companies including Apple and Amazon, while investors awaited the...

NEW YORK, Feb 3 ― US stock index futures dropped on Friday after disappointing results from megacap growth companies including Apple and Amazon, while investors awaited the January jobs report for more clues on future rate hikes by the US Federal Reserve.

Apple forecast another revenue decline at the start of the year, Amazon warned that its operating profit could fall to zero in the current quarter, and Google parent Alphabet missed Wall Street estimates for fourth-quarter results. Both the Nasdaq and the S&P 500 posted strong gains yesterday and touched near five-month highs, while the Dow slipped, dragged down by declines in some big healthcare stocks.

The unemployment rate is expected to tick higher to 3.6 per cent in January, from 3.5 per cent in December.

 

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

 /  🏆 1. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines