Earnings bonanza, Yellen's new recession prediction and more: Monday's 5 things to know

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Traders will be looking at quarterly results from 12 Dow members and 170 S&P 500 companies this week, including Alphabet, Microsoft, GE and Comcast.

Meta Platforms and Alphabet pulled back last week, falling $13.90, or 7.6%, to $169.27 and $6.44, or 5.6%, to $107.90, respectively. Meanwhile, American Express shares rose $2.83, or 1.9%, to $153.01 after the company reported a 31% rise in revenue. Among other individual stocks, Twitter shares erased earlier declines and rose 32 cents, or 0.8%, to $39.84 after the company posted a loss and noted that revenue was hurt by uncertainty related to Elon Musk's acquisition.

Investors continue to maintain a close eye on Europe, which has been beset by concerns about the cost of living and an energy crisis that couldOn Friday, fresh business surveys suggested the eurozone economy contracted in July. Excluding pandemic lockdown months, this would mark the first contraction signaled by purchasing managers' indexes since 2013. Still, the pan-continental Stoxx Europe 600 gained 0.3%.

 

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

incompetence

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:

 /  🏆 458. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines