Wall St snaps winning run as Facebook forecast disrupts tech-led recovery - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

México Noticias Noticias

México Últimas Noticias,México Titulares

Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks closing lower after Facebook-owner Meta Platforms’ dour forecast sent its stock plummeting and halted a nascent recovery built on upbeat earnings from other big tech.

The tech-heavy Nasdaq fell as shares of other social media companies also took a beating.

“As we’ve gotten numbers in recent days, what we’re seeing is the delivery of earnings being rewarded or penalized, and if you continue to deliver strong earnings growth, the market will reward that,” said Maxwell Grinacoff, US equity & derivatives strategist at BNP Paribas. “People are going to start increasing allocations to value stocks, and to do that they will have to sell their growth stocks, even if they are down 15% to 30%,” said Jack Murphy, chief investment officer of Easterly Investment Partners.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 37. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

MONEY LIVE | DRDGold loses its shine with earnings drop | Fin24MONEY LIVE | DRDGold loses its shine with earnings drop -
Fuente: Fin24 - 🏆 21. / 63 Leer más »

US stocks fall as Meta’s disappointing forecast disrupts tech recoveryFacebook owner Meta is on track to lose a quarter of its market cap in Thursday's wipeout I have been seeing post everywhere. and a lot of people keep saying reach him and eventually it turned out to be legit platform, I invested $500 and received $4750 within 6 days trade with MichaelWeldon_ There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about cryptoverseJ it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done.
Fuente: BDliveSA - 🏆 12. / 63 Leer más »