Tech Earnings Drag Down U.S. Markets; Australian Market to Rise Slightly

  • 📰 theage
  • ⏱ Reading Time:
  • 30 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 77%

Finance 뉴스

Stock Market,Tech Earnings,S&P 500

U.S. stocks experienced a mixed day with significant declines in the tech sector. The S&P 500 and Dow Jones both reached record highs, but losses in major tech companies like Nvidia and Microsoft led to overall market declines. The Australian market is expected to open slightly higher.

Stocks were volatile in afternoon trading with losses from major technology firms overshadowing gains in other sectors. The S&P 500 decreased by 0.5%, while more stocks were increasing than decreasing within the index. The Dow Jones fell by 78 points, or 0.2%. Both the S&P 500 and the Dow set records on Tuesday. The Nasdaq composite declined by 1.1%. The Australian share market is forecasted to rise slightly, with futures indicating a 0.1% increase at the open.

Tech giants like Nvidia and Microsoft led the decline with losses of 3.3% and 1.1% respectively. HP and Dell also saw significant drops of 12.6% and 12.1% after disappointing earnings reports. The US economy grew at a 2.8% annual pace from July to September, driven by robust consumer spending and export growth. Consumer confidence improved in November according to the Conference Board, although not as much as anticipated. Retail earnings reports have shown a mixed outlook, with Nordstrom warning of weakening sales and Urban Outfitters reporting better-than-expected results

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.

Australian Deep Tech Start-Ups Attract $100 Million Investment from HostplusIndustry superannuation giant Hostplus has invested an additional $100 million in the Australian operations of the UK-listed deep tech venture fund IP Group, focusing on new industries emerging from universities in areas such as clean energy, transportation decarbonization, healthcare, and AI.
출처: FinancialReview - 🏆 2. / 90 더 많은 것을 읽으십시오 »

Trump Media posts heavy losses in surprise election-night earnings reportNasdaq halts trading of the company’s stock several times as its price rises and falls by huge percentages
출처: GuardianAus - 🏆 1. / 98 더 많은 것을 읽으십시오 »

ASX LIVE: Shares to rise; Meta, Microsoft earnings top Wall Street estimatesShares set to rebound. Zuckerberg credits AI for earnings boost. Microsoft’s cloud business outperforms. Woolworths team prepares to front investors. Follow here for more
출처: FinancialReview - 🏆 2. / 90 더 많은 것을 읽으십시오 »