Stock market today: Big Tech slumps after profits from Alphabet and Tesla fail to impress

  • 📰 SooToday
  • ⏱ Reading Time:
  • 66 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 85%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

NEW YORK (AP) — Drops for Tesla and Google parent company Alphabet are dragging indexes lower after the Big Tech giants delivered earnings that failed to impress. The S&P 500 fell 1.

NEW YORK — Drops for Tesla and Google parent company Alphabet are dragging indexes lower after the Big Tech giants delivered earnings that failed to impress. The S&P 500 fell 1.1% early Wednesday and is on track for its fifth fall in six days. The Dow Jones Industrial Average fell 150 points, or 0.4%, and the Nasdaq composite slumped 1.8%. Tesla fell 9.5% after the electric vehicle maker said its profit for the spring sank 45%. Alphabet dropped 5.

Alphabet Inc., Google’s parent company, delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the foundation of its internet empire. But its YouTube ad revenue did not meet expectations, and its shares fell 3.5% before the bell. On Thursday, the government releases its first estimate on gross domestic product in the U.S. during the second quarter. On Friday, all eyes will be on the latest inflation data contained in the government's consumer spending report. Personal consumption expenditures, or PCE, is the Federal Reserve's preferred measure of inflation and part of the broader economic data the Fed uses when making monetary policy.

The U.S. dollar was trading over 162 yen earlier this month but the Japanese currency has strengthened in recent days after officials intervened to staunch the yen's decline. Expectations that the BOJ may raise its near-zero interest rate, and that the Federal Reserve may in turn cut rates, have helped support the yen, which has languished as the gap between U.S. rates and those in Japan widened.

Australia’s S&P/ASX 200 edged 0.1% lower to 7,963.70 after its services sector saw weaker growth in July. Manufacturing improved slightly but remained in contractionary territory.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 8. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

The Daily Chase: Tesla, Alphabet after the bell highlight big day for earningsHere are five things you need to know this morning.
출처: BNNBloomberg - 🏆 83. / 50 더 많은 것을 읽으십시오 »

Stock market news today: US stocks slip ahead of Alphabet, Tesla resultsA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »

Tesla, Alphabet, LVMH under pressure on earnings: 3 ThingsTesla (TSLA) stock is falling in pre-market trading after reporting mixed second-quarter earnings results on Tuesday, expecting a 'notably lower' growth rate...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »

Futures slide after Tesla, Alphabet earnings disappointThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
출처: KitcoNewsNOW - 🏆 13. / 78 더 많은 것을 읽으십시오 »

Alphabet, Tesla report Q2 earnings: Market Domination OvertimeOn today's episode of Market Domination Overtime, Hosts Julie Hyman and Josh Lipton break down the market close and some of the major Big Tech earnings. The ...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »